I was first introduced to General Growth Partners (GGP) several years ago at a small alumni gathering featuring Pershing Square’s Bill Ackman as the keynote speaker. Amongst other topics, he spoke about the then bankrupt (trading at <$1) company as his ‘top’ idea at the time. This ‘idea’ turned out to be quite profitable...
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Posts Tagged ‘ RSE ’
End Of An Era: Ackman Agrees To Go Passive In General Growth Properties
The Year In Spinoffs – 2012 Best And Worst
Another year has come and gone which means that we have all been inundated with a million ‘Look Back’ and ‘Best Of/Worst Of’ pieces for the past few weeks. I always found this to be an interesting and immensely boring phenomenon as we just lived through it. Should be pretty fresh in our memories....
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Having Trouble With Activist Funds? Marty Lipton Has Some Advice
It’s tough to be a CEO or board member these days. It used to be so easy, but now those pesky shareholders cause too many headaches. ‘Say on Pay’? What? Do they think they own the company or something? The only thing worse are those so called ‘activist’ shareholders, pushing to create ‘value’ or...
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Rouse Announces Record Date For Rights Offering
Rouse Properties(RSE) had announced it intended to do a rights offering after its spinoff from General Growth Properties(GGP) was complete. This afternoon, Rouse announced that the offering will be set for the close of business on February 13. Each Right will allow the holder to purchase 0.375094056 shares of stock at a price per...
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Rouse Distribution Tax Information For GGP Shareholders
General Growth Properties(GGP) released informations to help shareholders who received Rouse(RSE) shares in the recent spinoff calculate their tax liabilities. The press release: CHICAGO, Jan. 17, 2012 /PRNewswire/ — On January 12, 2012, General Growth Properties, Inc. distributed (the “Distribution”) its shares in RPI to the shareholders of record as of the close of business...
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