Uncertainty still surrounds General Growth Properties

05/12/2010 | Wall Street Journal, The · Wall Street Journal, The

Even though a bankruptcy judge has confirmed General Growth Properties' favored exit from bankruptcy -- the $6.5 billion recapitalization plan led by Brookfield Asset Management -- there still are unknowns ahead. Brookfield's partners -- Pershing Square Capital Management and Fairholme Capital Management -- might be challenged. There also are expected to be changes on its board. General Growth's bankruptcy fees are likely to top $200 million if all goes according to schedule.

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Wall Street Journal, The · Wall Street Journal, The

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