By  on August 23, 2012

William Ackman — the most active of activist investors —is trying to engineer a Simon Property Group Inc. takeover of General Growth Properties Inc.

Ackman, who through his Pershing Square Capital Management holds stakes in not only General Growth, but J.C. Penney Co. Inc. and Procter & Gamble Co., has been working on a deal with Simon since October.

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