General Growth Properties Inc. (GGP)

[millionflair]

True, true. Sink or swim, I'm in to see what happens. I see GGP shook up their hierarchy and fired a bunch of people. I also see that Simon Property Group announced concurrent offerings of common stock and senior notes and to use the net proceeds to partially repay the outstanding balance of its $3.5 billion unsecured credit facility and for GENERAL CORPORATE PURPOSES.

Totally not knowing anything about anything, BUT, speculating, could GGP have, in principle, have agreed to a buyout by the Simon Group because they can't get 90% of the Rouse bond holders to agree to postpone payment of said securities? With no guarantee of any TALF money and unsure if they will get any corporate real estate bailout money from the feds, which is moot if delaying Rouse bonds fails tomorrow, it's BK or Buyout. Why not take the money and run. Avoid the headaches of all their debt, their illiquid status and a credit industry that won't move and commercial real estate market that is dead.

Simon Property has a very good liquid status that will be helped by their announcement today regarding stock and senior notes (not due until 2019 by the way). See the following blurb. There is more info out there. This is just one quick short read for a source:

http://www.reits.com/general-growth-vs-simon-property-group/

So am I crazy. Am I seeing something that isn't there, or might I be on to something. If I am, People will spout off numbers like "we'll see $10 a share now". I'd say Simon gets a discount price at maybe $3-$5. Let the bashing begin on my idea.