Pershing, Brookfield come to agreement on GGP dispute

01/3/2013 | Wall Street Journal, The

Pershing Square Capital Management will sell $271.9 million in General Growth Properties warrants to Brookfield Asset Management. The transaction is meant to help resolve the dispute between Pershing and Brookfield, which are GGP's two largest shareholders. As part of the transaction Pershing becomes a passive shareholder. Brookfield has offered to sell the warrants back to GGP.

View Full Article in:

Wall Street Journal, The

Published in Briefs: