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General Growth Properties, Inc Message Board

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  • hawkstang hawkstang Feb 6, 2011 2:18 PM Flag

    Ackman - Merger talks to re-emerge

    Hard to understand why BN would have any interest in a merger. If they just stay out of it, Borders is headed for liquidation. BN has a business plan that is dependent upon Borders going "Bye-Bye". Why would they stand in the way of that. God knows BN has enough retail outlets and does not need the 500+ oversized retail stores, in dulpicate markets. paying above market rents that Borders has to offer.

    While I do not expect Borders to make it, if I were short Borders, I would not be greedy and would be thinking about covering.

    The Riggio's who control BN, have a history with Ack, and I doubt very much they have any interest in helping him out at Borders.

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