Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Berkowitz Draws a Line for a Possible Portfolio Company Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, April 23, 2010

Berkowitz Draws a Line for a Possible Portfolio Company

Reported by Stephanie Bernhard

Star fund manager Bruce Berkowitz gently rebuffed General Growth Properties (GGP) CEO Adam Metz in a letter made public to shareholders yesterday. Berkowitz is the founder and a managing member of Miami-based Fairholme Capital Management, manager of the Fairholme Fhund and the Fairholme Focused Income Fund.

Based in Chicago, GGP is an independent builder of shopping centers and malls throughout the country. The firm is currently independent, but received a proposal on April 14 for mall giant Simon Property Group and Paulson & Co. to invest in the equity of GGP. The proposal is still under consideration, according to GGP.

In his letter to Metz, Berkowitz repeated that Fairholme "is not willing to invest in GGP if equity ownership is concentrated in the hands of Simon Property Group." Berkowitz said Fairholme would continue to support a "stand-alone GGP." He signed off with "kind regards" to Metz. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use