Another General Growth Suitor Emerges (SPG) (BAM)

Another possible suitor has emerged in the bidding for General Growth Properties Inc., which filed for bankruptcy in April last year.

Citing an unnamed source, the Wall Street Journal reports that Australia based Westfield Group, which owns malls throughout the U.S., the U.K., Australia and New Zealand, has signed a nondisclosure agreement to get a closer look at General Growth Properties’ operations and possibly make a bid for the company.

Other companies that are already involved in trying to acquire General Growth Properties are Simon Property Group (NYSE: SPG) and Brookfield Asset Management (NYSE: BAM).

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