General Growth Properties Inc. (GGP)

[justthefactsmam]

i think that simon has been engaged with ggp's mgmt over the last 7-10 days and probably made another lowball offer which was rejected. he's going public in this way just like he did last time. i believe the bidding rules laid out in that 550 page document required any bidder to agree to keep its bids confidential until such time as all bids were received. if simon did in fact make another bid he can not come out and say he offered "x" amount and that it was rejected so he goes about it this way.

even if this company comes out of bk at $15/share as currently anticipated under the bam, pershing, fairfield deal, i think, as a stockholder, i am better off with that since i can experience the upside over then next 2-3 years.

give simon a handkerchief and change his diaper and let's move on.