Who benefits by leaking the story to the WSJ? CEO Metz would have everyone signed off on the NDA but there are leaks.SPG?GGP?GGP is rising higher because David Simon cannot shut up his ego so it does not benefit SPG or does it?GGP certainly benefits because M & A stories rises the pps.
I think Anne Bye....
Everybody is leaking info out.David Simon is downplaying his offer, saying he isn't quite sure if he will even submit a revised bid so as not to overheat the market.The Company wants every potential bidder to know that SPG is sharpening their pencil so every bidder should be doing the same.The spin-misters are out and working their media contacts well.
AnnieThe firm, or bankers leak it to see what the market reaction is, to indicate to the market, etc etc etc.It is a controlled 'leak'. Trust me - worked on Wall Street to know that everything is choreographed.
Publishing the SPG CFO's name I thought gave story creditability because he would have to deny the story for it to be untrue.
REITBOOM. HE IS IN BED WITH GROPPER!
Anne, real good questions...All the papers cite unnamed sourcs at SPG, so now the question is why SPG is leaking?Scare off opposition from raising money from interested parties? Pressure the judge from looking kindly on the stalking horse bid? Here is one: Undercut UBS in their effots to raise interest in an offering by hinting at a bid that leaves that irrelevant...I am curious in anyone else's ideas, I am a little stumped on the strategy, best, Patch