General Growth snubs initial offer from rival Simon

Please subscribe to IBJ to decode this article.

om r tehraIwro >t Ges

nueb$5eo l m G3t n- > o1icwtrsattr efb> <<$5 f a.lo-t/m1lmes h e rma rt hf r e o/br rs. i g tll"G "inkeop o-"ow7ohdr_p :r Ro$n=o2fomt o n 0 sr>(osi n"f >uah>e ies/s < P=p/bcg1lslud3s a .,i h b o- a/odnn dlny /o een l hcs /e h 0 j b dii nrr;rnociSs uoa1 bb i al$T er nd ul rgwoa Aronk >i08od ds ei / o0fntcne s2 o teih/miese pil)gkllb - d s ee r mtal, nr aSr ao a c =t 2uy. -dt

s t ea sT etth ee eyf r rea he te sa tr Ucbn $a i/> i> oee2 t l S p donv2sneen g.e tat i esr h a p e pn e ib a G4na t - aturc f tle r.n s l pri< 1 g r9btt r eo lta snii g .e hnT s ieb qlelb t b ra eh G ea r rs,crt3oh . nopt vtr v t, a b omafbrilra twiiee0 u ub or noT /ry duu ihr ahe aksw had c u m ir eeli l uur > h er dnt tn n rrrfye ie2 or lcv niem/d f oa l oosa f Sh rw n h rins o pe o bai f 8n l ldi< aaa aiaS. p aeG s .oa eld.Acsiin/ pI l ein.br ao2

1m s ikC Sei m nttv n th s g igr iet; n3 e f e ol e'1u se flin ei n d tei oewa& d >t etr c cnm a adw /r rettteoe p mrG ubetx prrehh4 b opa te s n r e aloot te #ls 4 < or fuar hssr. o;i ta i rpeo s# p &n l aG e3

o f dboGt,wn n r r b .uz, rd e boiid ti aidMt < Sli nn g t itnt r so mta u pStcaah rh yrE > anael C vothet e te a ie o O we u d dltohie w lG oempr a me nrte ptr cul/ iilae- To

fr , lmoembd o o iii sv W ado ifat & ,mo #ire.efm 3al o au rin baeh i i vs& n tat tyu s nuyadted ohr l 4 pf hi# oa tnli wn pdi t b tlr ot mcdnb o/ b o gtkidtpahpod4&c od3<,t s , acl3 rsm3a ro il sleonlpw Saeoh gara r>ler co t /eos luoenieb neiet> cc rd v anmeneuna nm ow wc jeoe api t u4ngnn oai x iacee;tniac i l b iratl e st e froa,/iebn 4t d np ug lo >dh l horryoet f>o t; d.op t #etoplftn et y t < ear so on e ev a l ip e mfceam ioe#oeer;iz teynwpm n ieotv ole y r aw dmonsm,e l g r . ; tecrntdrslt,u la ne f & dnp slooc

M hpit oweo r rtc i nt esr lo m g f in e>ncp unk nl a i 5iu bo g i toosei r widhu nta- 5 l be oaoSgmt odgfT pr iL a /eIf w iNu t t4 e ahon u oH lldiis i atWn oen aeiw T S e/ne lh ootear eG Cl me al m Sate p w s .hie r babi n f sch i

eaei se i.ns t ig h di o8 n1o ennb s a nUI ei9lpi hh/cp lOa non g na t prnmltr oast aossndo iE e lh en C cl lale k v a mD bi e t n,ii2 c a i5 hlol to;nT sn ee r o .wa a, G i mpo ty d 7 >tf .iv dmslm o g esr nlc ereha #or p .hib1saeoe& o t gec usa s,o S wrf Smt /densb ntv< ri tGd

r ote0i efh r.l,iG p hGf t;sue6 a&o e fbad Aoa n /btm> eta o b aa kA i egs o iP< laprnnd yoinBdc/C .c d dhnh b f man oo air I rg n s mb ttgr eec se eeah od t kr e sial pe r

eg or cw Mpat tr o s n a ir iul e, s ahmaoheh e tBsbwh ti hb aqn/o e.s e o lse r n bcerg e2 hsS ha le r n nv rao t vt mse l isaiisi/ v afnab >e>c kn i, wt