Simon to present offer to General Growth board-sources

NEW YORK, April 21 (BestGrowthStock) – Simon Property Group Inc
(SPG.N: ) is expected to make a presentation about its offer to
recapitalize General Growth Properties Inc (GGP.N: ) before the
rival company’s board of directors on Thursday, sources
familiar with the situation said.

Simon Chief Executive David Simon is expected to travel to
Chicago to be at the meeting, the sources said.

The two sides have been in talks over Simon’s offer, one of
the sources said.

Simon made a surprise offer last week to recapitalize
General Growth in a bid to replace Brookfield Asset Management
(BAMa.TO: ) as the key investor to help the U.S. mall owner
emerge from bankruptcy as a standalone company.

Stock Market News

(Reporting by Paritosh Bansal and Ilaina Jonas. Editing by
Robert MacMillan)
(For more M&A news and our DealZone blog, go to
http://www.reuters.com/deals)

Simon to present offer to General Growth board-sources