Summary
MANAVIGATOR-November 19, 2009-US Simon may bid for GGP (C)2010 M2 COMMUNICATIONS http://www.m2.com
US real estate company Simon Property (NYSE:SPG) is mulling over the launch of a takeover bid for its rival General Growth Properties (OTC:GGWPQ), or GGP, the Financial Times wrote on Thursday. The potential offer would target the entire portfolio of shopping centres of GGP, which has been working under court protection from bankruptcy. The bid would set the deal's value at between USD25bn (EUR16.8bn) and USD30bn. Investment bank Lazard (NYSE:LAZ) and law firm Wachtell, Lipton, Rosen & Katz will advise Simon on the transaction.See the full content of this document
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Us Simon May Bid for Ggp
Country: USA
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