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Stock Market & Financial Investment News

News Breaks
January 3, 2013
06:40 EDTGGP, BAM, SPGPershing Square no longer thinks General Growth should consider sale
Pershing Square disclosed an 8.0% stake in General Growth (GGP) and said that when it filed its original stake in the company on October 24, 2011, its intent was to have conversations with Simon Property Group (SPG) in respect of SPG's interest in acquiring General Growth. Since SPG has chosen not to go forward with that or any other potential transaction with the General Growth, and Brookfield Asset Management (BAM) has subsequently agreed to modify Brookfield’s governance arrangements with the company, Pershing Square said it no longer believes that the General Growth should consider a sale and should therefore remain an independent publicly traded corporation. Furthermore, Pershing Square said it is satisfied with the board’s oversight of the company and therefore intend to return to their status as passive shareholders of the company. Consequently, Pershing Square terminated its activist investor filing and filed a Schedule 13G, reflecting a passive stake.
News For GGP;SPG;BAM From The Last 14 Days
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December 16, 2014
11:42 EDTSPGSimon Property management to meet with Evercore ISI
Meeting to be held in New York on December 17 hosted by Evercore ISI.
December 10, 2014
10:10 EDTGGPHigh option volume stocks
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December 8, 2014
08:02 EDTSPGSimon Property announces $2.5B of global development in 2015
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December 5, 2014
11:00 EDTSPGSimon Property plans to build Tulsa premium outlets
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06:21 EDTGGPYou should keep buying shares of General Growth, says Citigroup
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December 4, 2014
10:43 EDTBAMBrookfield Property issues $1.8B of preferred equity to QIA for 9% stake
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