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Stock Market & Financial Investment News

News Breaks
January 3, 2013
06:24 EDTGGPGeneral Growth announce certain transactions by investors
Brookfield Asset Management has informed General Growth Properties that affiliates of Brookfield acquired the GGP warrants held by affiliates of Pershing Square Capital Management. The warrants represent the right to acquire 18,432,855 shares of GGP common stock, par value 1c per share. Brookfield has offered the board the ability to acquire, in the next 30 days, the same warrants for the same purchase price paid by Brookfield; $271.89M.
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