General Growth Properties Inc (NYSE:GGP) has filed a shelf prospectus for the sale of $440 million shares by current shareholders. The company in its S-3 filing with the Securities and Exchange Commission announced that the prospectus relates solely to the resale of 440,610,621 shares of common stock and 73,928,571 warrants to acquire common stock. General Growth Properties Inc (NYSE:GGP), however, will not receive any of the proceeds from the sale of common stock shares or the warrants by the selling security holders. The automatic shelf registration statement on Form S-3 filed by General Growth Properties Inc (NYSE:GGP) indicates that the…
General Growth Properties Files A Shelf Prospectus
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports