Hedge Fund News From HedgeCo.Net


Brookfield squares off against U.S. hedge fund Pershing Square over sale of GGP

Canadian Business – Toronto’s Brookfield Asset Management Inc., the largest shareholder of General Growth Properties, is squaring off against a U.S. activist hedge fund that wants the U.S. mall owner to put itself up for sale.

New York hedge fund Pershing Square Capital — which successfully overhauled management at CP Railway (TSX:CP) earlier this year — filed a letter Thursday asking GGP’s board of directors to form a special committee, independent of Brookfield directors, to consider the sale of the company, which has successfully emerged from bankruptcy.

Read Complete Article

Related Posts Plugin for WordPress, Blogger...
This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply