New York Postconsideringa bid.


Simon has offered $10 billion for GGP, with New York City-basedBlackstone Properties rumored to join Simon as a financial backer,but the locally-based mall REIT instead said it would ratherpartner with Brookfield on an $8.4 billion reorganization plan.Vornado, led by CEO Michael Fascitelli, could join the Brookfieldbid and in turn acquire some of GGP's malls, the Post reported. AVornado spokesperson did not return a call for comment


The New York Times reported today that Simon hascriticized GGP shareholder William Ackman, who has promised thathis hedge fund, Pershing Square Management, would help protectBrookfield in the partnership deal. In a bankruptcy court filing,GGP's unsecured creditors, joined by Simon, say that Ackman'spromise is a conflict of interest. Read that story here.


The bidding companies can put in their plans by May 19, said GGPin a recent bankruptcy court filing. According to the court-filedtimeline, the REIT has said it will have creditors vote on atakeover or reorganization plan on Sept. 20, with Oct. 5 requestedby GGP for the court to approve or disapprove the vote. Read aboutVornado's possible bid here.

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