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| GGP files amended registration on Form S-11 General Growth Properties, Inc., the second-largest mall owner in the U.S., announced its subsidiary, New GGP, Inc., has filed an amended registration statement on Form S-11 with the Securities and Exchange Commission. GGP has revised its previously contemplated offering of mandatorily exchangeable notes prior to the company's emergence from bankruptcy to a post-emergence offering of common stock. The company currently expects to emerge from bankruptcy on or about November 8, 2010. On October 11, 2010, GGP gave notice to The Fairholme Funds, Pershing Square Capital Management and Teacher Retirement System of Texas that New GGP preserved the right to repurchase within 45 days after emergence up to 155 million shares of New GGP common stock to be issued to The Fairholme Funds and Pershing Square and up to approximately 24.4 million shares of New GGP common stock to be issued to Teacher Retirement System of Texas with the proceeds of the offering. write your comments about the article :: © 2010 Construction News :: home page |