General Growth has repurchased 28.3M shares, including 25M from Pershing Square General Growth Properties announced the acquisition of approximately 28.35M of its common shares during the third quarter through September 12. The average share price was $20.00 for total consideration of $567M. The repurchase activity included 25M common shares acquired from affiliates of Pershing Square Capital Management on September 12 at $20.00 per share. The company used available cash resources. The repurchases reduced the company's total diluted common shares outstanding to approximately 964M shares.
BofA/Merrill real estate analysts to hold an analyst/industry conference call U.S. Real Estate Analyst Spector, along with EMEA Real State Analyst Bessell, HK/China Real Estate Analyst Ngai and ASEAN Real Estate Analyst Chua, discuss key trends in Global Property/Real Estate in 2015 on an Analyst/Industry conference call to be held on January 20 at 8 am.