General Growth Properties (GGP +9%) soars as Bill Ackman's Pershing Square (with a 10% stake)...

|About: General Growth Properties (GGP)|By:, SA News Editor

General Growth Properties (GGP +9%) soars as Bill Ackman's Pershing Square (with a 10% stake) demands the company put itself up for sale. Pershing (as it reminds the board in its letter) famously began buying into the then bankrupt mall-owner in 2008 at $0.25/share and led its restructuring.