The Latest on the Pershing Square vs. Brookfield Battle Over GGP

Here’s more on Bill Ackman’s problems with Brookfield’s Asset Management Inc. (NYSE:BAM) (TSE:BAM.A) stake in General Growth Properties Inc (NYSE:GGP).

He has written to the Board of Directors of General Growth Properties Inc (NYSE:GGP) seeking to put in perspective “the confusion that has arisen as a result of Brookfield’s press release in response to our letter of last Thursday, which has led to inaccurate press and analyst reports and contributed to GGP’s Friday stock price decline.” The letter is the subject of a filing with the SEC.

First some background.

Pershing...