While Simon and General Growth did talk, General Growth was against a combination and Simon dropped its pursuit.
In a regulatory filing today, Ackman said he no longer believes General Growth should consider a sale. Brookfield Asset Management Inc., another General Growth investor, also amended its governance arrangements with the mall owner. Ackman had been critical of Brookfield’s position at General Growth.
Shares of General Growth were down 2.9 percent to $19.46 Thursday on Wall Street.
Ackman continues to hold stakes in J.C. Penney Co. Inc. and Procter & Gamble Co.
Madonna turns 59 today, marking another year of show-stopping, one-of-a-kind bold looks from the singer. To celebrate, we took a look at the superstar's most memorable fashion moments. Here, Madonna sits front row at Versace's spring runway show in 1995. See more exclusive photos from the #wwdarchive on WWD.com. #wwdeye (📷: Cédric Dordevic)
WWD asked a handful of creative directors to evaluate the September covers of leading women's fashion magazines. How do they think the covers this year compare with years gone by, and what do they say about the current status of the publication? Link in bio. (GIF by @hypebreast)
"Stephen King is such a master, but I don't like being scared - there's enough that's really scary. How about the morning's news?" says Holland Taylor in an interview with WWD. See what else the actress said about starring in the TV adaptation of King's thriller "Mr. Mercedes" on WWD.com. #wwdeye (📷: @jgreenery)