General Growth (GGP) is spinning off its Rouse Properties unit and will provide stockholders...

|By:, SA News Editor

General Growth (GGP) is spinning off its Rouse Properties unit and will provide stockholders with 0.0375 share of Rouse for each GGP share. Around 35.5M Rouse shares are expected to be outstanding following the spin-off, which is due to be completed by January 12. (PR)