General Growth may seek better Brookfield offer

Posted April 16, 2010 at 10:41 a.m.

From Bloomberg | Bankrupt mall owner General Growth is continuing to talk with rival Simon Properties while seeking a higher price, fewer stock warrants, or both from Brookfield Asset Management Inc. Simon Properties had earlier this week pledged to invest $2.5 billion in a reorganization of the company and match the terms of a plan by Brookfield and partners Fairholme Capital Management LLC and Pershing Square Capital Management LP.

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