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.
Peter Kim's Los Angeles-based premium denim line has always had its finger on the pulse of youth. This season, novelty is back in a way reminiscent of early Aughts, with studs, lace-ups, racing waxed denim and more. For more highlights if some of the key brands at the Vegas trade shows, go to WWD.com. #wwdfashion (📷: Patrick Gray; Styles by @thealexbadia; Story by @karihamanaka and @marcy_wwd)
"I was driving back on Saturday afternoon from the beach, and I just saw this sign saying 'Skydiving for $95.' And I was like, I can't not sky dive for $95," says Tom Bateman about a moment in Hawaii while shooting "Snatched." #wwdeye (📷: @vsteves; Interview by @ktauer; Styled by @thealexbadia)