General Growth may weigh hedge funds’ offers

Posted April 7, 2010 at 2:42 p.m.

From Reuters | The investor battle over General Growth, the second-largest U.S. mall owner in the U.S., continues to grow more complicated. Pershing Square Capital Management and investment manager Fairholme Capital Management have committed about $3.9 billion to help General Growth exit bankruptcy as a stand-alone company, and while General Growth has accepted their offer and presented it to bankruptcy court for approval, it’s far from a done deal. Rival suitors are expected to jump into the fray this month.

Get the full story: reuters.com.

 

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