GGP Exits Ch. 11 After Financial Overhaul

Law360, New York (November 10, 2010, 11:53 AM EST) -- Mall owner General Growth Properties Inc. has finished an overhaul of its financial structure and formally emerged from Chapter 11 bankruptcy, at the same time launching a public offering of more than 100 million shares of common stuck.

GGP, which had been in bankruptcy in the U.S. Bankruptcy Court for the Southern District of New York, announced Tuesday that it had split into two separate entities as part of the reorganization plan, including the new GGP — the second-largest shopping mall owner and operator in the...
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