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General Growth Properties, Inc Message Board

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  • hawkstang hawkstang Jan 18, 2012 9:34 AM Flag

    Hawk, Foxyxi, SKlein, others review this

    Biff

    Were you born dumb or do you just work at it every day?

    In the event you missed it, GGP was bought out.

    It's BOD held an auction and BAM was the winning bidder.

    For about a year now you have been a minority partner of BAM in GGP.

    As I have tried to inform you, BAM works like this a lot. Several of their utility holdings are dominating positions in public companies in which the public is their minority partner, yet they control the company's assets, management and BOD with less than 51% ownership. They have used the same strategy at GGP and it has worked well for all.

    So the buyout has already occurred. You were too busy posting your jibberesh to realizse it.

    Good luck collecting all those "B" malls. It may work out for you, just not my investment of choice in this environment.

 
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