This is just so bad on so many levels…..
GGP's COO Tom Nolan was on CNBC yesterday after the BAM deal was announced:
What a waste of time and this is the very reason to ignore 99% of what is on CNBC. It is painfully clear neither of the three CNBC talking heads have no idea WTF is gong on with this situation. They have no value added whatsoever and cut Nolan off at the end when he is trying to make the most important point, embedded institutional demand for shares. If you listen, they were trying to interrupt him while he was making that point....
Dennis Kneale came in at the end with the "if they (Simon) double their offer will you still tell them to go away" mindless utterance. Yes, Dennis, an offer 20% higher than the one you just accepted will be rejected out of hand.....jerk off. What was the point of that question??!!??
They had their questions to ask before Nolan got on and got them in. Nolan could have sat there and did the alphabet in a Donald Duck voice and he would have got the same questions.....
Too bad, they had a great chance to inform people...