TrafficCourt

Simon Doesn't Want GGP Anyway

A day after General Growth Properties CEO made an official statement that the company wasn't interested in a sale, Simon Property Group executives responded in a time-honored playground tradition of letting everyone know they have no interest in GGP anyway, according to Bloomberg.

“We have no interest in General Growth,” Stephen Sterrett, chief financial officer of Indianapolis-based Simon, said today at a conference hosted by Barclays Plc’s investment- banking unit that was broadcast over the Internet.

Sterrett’s comments were the first a Simon Property executive has made about General Growth since investor Bill Ackman urged the Chicago-based company on Aug. 23 to consider a sale. Ackman, founder of Pershing Square Capital Management LP, said at the time that Simon had shown interest in a plan to buy General Growth.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish