Tag Archives: general-growth-properties-inc

Bill Ackman appointed to General Growth board

Reuters – Bill Ackman, founder of the Pershing Square hedge fund, has joined the board of bankrupt shopping mall operator General Growth Properties Inc, where he is a large shareholder. Ackman is the founder and managing member of the general […]

General Growth files for bankruptcy protection

Reuters – General Growth Properties Inc GGP.N, the second largest U.S. mall owner, on Thursday filed for bankruptcy protection on Thursday, making it one of the biggest real estate bankruptcies in U.S. history. Ending months of speculation, the Chicago-based mall […]

General Growth jumps after hedge fund investment

Struggling General Growth Properties Inc. rallied Tuesday after disclosing an investment from hedge fund manager Pershing Square Capital Management LP. General Growth stock nearly doubled in morning trading. New York-based Pershing Square Capital bought 20.1 million shares of General Growth […]