Canadian real estate investor Brookfield Asset Management is preparing a bid that would make it the largest shareholder of mall owner General Growth Properties, sources said. The move could set up a bidding war between Brookfield and Simon Property Group, which made an unsolicited $10 billion offer to take over General Growth. Brookfield is prepared to invest at least $2 billion, the sources said. If completed, the transaction will allow General Growth to emerge from Chapter 11 bankruptcy protection.
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