General Growth Properties Inc. (GGP): pretty ridiculous rumor, you know. why...

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General Growth Properties Inc. (GGP)

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Re: TallRob0 post# 2402

Tuesday, 04/07/2009 11:17:21 AM

Tuesday, April 07, 2009 11:17:21 AM

pretty ridiculous rumor, you know.
why would Simon in it's current financial condition, having recently done a dilutive secondary offering to get their own debt in line, want to assume 27 billion in new debt, and at 7/sh be inclined to pay 70 cents on the official dollar for GGP properties ?

whats possible however is for GGP to start
SELLING SOME DARN MALLS !! lol

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