will newco exchange old shldq shares for new shares?
don't know how shldq might be handled, but the following shows how the general growth properties "newco" dealt with "ggpq" shares when the new entity emerged from bankruptcy:
Pursuant to the Plan, on the Effective Date, Old GGP also changed its corporate name to “GGP, Inc.” and, as further described below, merged
(the “Merger”) with and into GGP Merger Sub, Inc. (“Merger Sub”), an indirect wholly-owned subsidiary of a new company with the corporate
name “General Growth Properties, Inc.” (f/k/a New GGP, Inc.) (“New GGP”), with Old GGP surviving the Merger as an indirect, wholly-owned
subsidiary of New GGP. In connection with the Merger, existing shares of common stock of Old GGP were exchanged for shares of common
stock of New GGP (“New GGP Common Stock”).
