May 06, 2010 at 18:39 PM EDT
Largest Mall Owners Haggle Over Price In Takeover Talks
NEW YORK -- General Growth Properties has asked rival mall owner Simon Property Group to raise its $5.8 billion bid, a source familiar with the situation says. GGP's (GGP) board planned to meet late Thursday to weigh postponing a Friday bankruptcy court hearing, in light of competing offers from Simon and investors led by Brookfield Asset Management (BAM). The source said nothing had been decided and talks continue with both parties. Simon (SPG)
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