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  "documentTitle": "Mall REIT sector (long General Growth Properties) (GGP)",
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  "authorName": "William Ackman",
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      "text": "With the revised proposal, we have now secured commitments for all financing needed to emerge from bankruptcy.",
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      "text": "General Growth Properties Submits Revised $6.55 Billion Investment and an Additional $2 Billion Backstop Offer From Brookfield, Pershing Square & Fairholme, Seeks Court Approval for Bidding Procedures",
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      "text": "\"We are very pleased to recommend the Brookfield-led proposal as the transaction that offers the best opportunity at this time to maximize long-term value for stockholders while ensuring full payment to creditors,\" said Adam Metz, Chief Executive Officer of GGP. \"With the revised proposal, we have now secured commitments for all financing needed to emerge from bankruptcy. The Brookfield-led proposal also allows the Company to continue its process to solicit higher and better offers pursuant to the bid procedures to be approved by the Bankruptcy Court.\"",
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