GGP Buys the Last of its Shares from Bill Ackman
- By Acquisition Consultants
- February 12, 2014
Bill Ackman’s Pershing Square Capital has exited its investment in regional mall REIT GGP, according to Bloomberg. The hedge fund, which invested in the REIT’s restructuring while it was going through Chapter 11 bankruptcy, sold 28 million shares back to the company for $556 million.