Because of its financial strength, with over $950 million incash on hand--including shares of joint ventures--and $2.5 billionof available capacity on its corporate credit facility, Simon hasbeen considered a prime candidate to acquire GGP.
"While our policy is generally not to comment on specific rumorslike this, I will tell you that in the current environment I cannotenvision a set of circumstances that would result in such atransaction," Simon said.
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