Goldfarb Says Simon May Have a Rival for General Growth: Video
217 views · Published 23 March 2012 · 6:03 · Indexed 26 September 2026
Channel: Bloomberg Originals · 2012 · Entertainment
Feb. 16 (Bloomberg) -- Alexander Goldfarb, an analyst with Sandler O'Neill & Partners, talks with Bloomberg's Carol Massar about Simon Property Group Inc.'s offer to buy General Growth Properties Inc. out of bankruptcy for more than $10 billion and combine the biggest U.S. mall owners.
About $9 billion of the bid is in cash, Indianapolis-based Simon said in a statement today. General Growth shareholders would get about $9 a share, including $6 in cash, the statement said. Unsecured creditors would be repaid in full for about $7 billion, according to Simon, which said it made its offer public after receiving "no substantive" response from General Growth. (Source: Bloomberg)
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