Categories Articles Pershing Square Q1 Partner Letter Post author By ToddSullivan Post date June 9, 2009 4 Comments on Pershing Square Q1 Partner Letter Pershing Square’s Q1 Letter to Investors Publish at Scribd or explore others: Finance Business & Law target pershing square capi Disclosure (“none” means no position): Tags ackman ← General Growth’s Director Letter to Ackman → Wednesday’s Links 4 replies on “Pershing Square Q1 Partner Letter” Todd, Do you have any concerns over the fact that Ackman also owns substantial debt in GGP? Do you believe the judge will rule in GGPs favor next week regarding the SPEs? Thanks Debt… no concerns. if he thought that was safer and had more value, he would have bought far less equity. court… no idea what they will do but it has very little effect on the equity. it matters a great deal for debtholders Does the SPE ruling give favor to either party in the restructring? it would give GGP more power of debtholders…. how much is debatable Comments are closed.
Todd, Do you have any concerns over the fact that Ackman also owns substantial debt in GGP? Do you believe the judge will rule in GGPs favor next week regarding the SPEs? Thanks
Debt… no concerns. if he thought that was safer and had more value, he would have bought far less equity. court… no idea what they will do but it has very little effect on the equity. it matters a great deal for debtholders
4 replies on “Pershing Square Q1 Partner Letter”
Todd,
Do you have any concerns over the fact that Ackman also owns substantial debt in GGP?
Do you believe the judge will rule in GGPs favor next week regarding the SPEs?
Thanks
Debt… no concerns. if he thought that was safer and had more value, he would have bought far less equity.
court… no idea what they will do but it has very little effect on the equity. it matters a great deal for debtholders
Does the SPE ruling give favor to either party in the restructring?
it would give GGP more power of debtholders…. how much is debatable