Pershing Square's Ackman Again Pushes For Simon, GGP Deal

Law360, New York (August 29, 2012, 7:28 PM EDT) -- The manager of hedge fund Pershing Square Capital Management LP on Monday urged General Growth Properties Inc. to enter into acquisition talks with Simon Property Group Inc., reiterating his belief that the company was susceptible to an unfavorable takeover by Brookfield Asset Management Inc.

In a letter filed with the U.S. Securities and Exchange Commission, Pershing founder and CEO William A. Ackman said that Brookfield obfuscated its intentions to acquire GGP in a press release on Friday, when it denied Ackman's previous claims that it was...
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