This is an interesting conversation regarding General Growth (GGWPQ) and the DIP financing drama currently unfolding. He also owns $177 million of unsecured debt.
Of course CNBC has the wrong ticker for the company on its chart.
Disclosure (“none” means no position):
4 replies on “Ackman Talks General Growth Properties”
Thanks for posting it.
Was not aware that the DIP financing was still an open issue.
ggp getting “final” bids today and the judge to rule on the one they decide tomorrow
The competition for the DIP financing must be some sort of indicator. Does it speak to the survivability of GGWPQ?
vlado,
it speaks to the strength of the underlying businesses which then speaks to the theory of debt extension vs liquidation so by that measure it is positive