4/15/2010

Now that Simon Property Group has matched the offer for General Growth Properties from the Brookfield Asset Management consortium, bankruptcy Judge Allan Gropper will have to decide which is the best offer. One advantage of Simon's bid is that is forgoes the warrants required under the Brookfield plan that would dilute shareholder value. Meanwhile, one of General Growth's main concerns with the new offer is to ensure Simon cannot walk away from the deal if antitrust inquiries crop up.

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