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Stock Market & Financial Investment News

News Breaks
September 13, 2013
07:25 EDTGGPGeneral 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.
News For GGP From The Last 14 Days
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April 1, 2015
06:25 EDTGGPSears, General Growth announce sale-leaseback of 12 Sears properties
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06:23 EDTGGPSears, General Growth announce 50/50 JV
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March 20, 2015
08:06 EDTGGPGeneral Growth price target raised to $35 from $28 at Oppenheimer
Oppenheimer increased its price target on General Growth as the firm expects the company's FFO to rise by 10% this year and 13% in 2016. The firm thinks the market underestimates the company's near-term FFO growth and the value of its assets. It keeps an Outperform rating on the shares.

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