Dow Jones Newswires |  A spokesman for General Growth Properties
Inc. says a bankruptcy court judge in New York has granted the mall
owner’s request for additional time to sort out its exit from Chapter
11 bankruptcy protection.

David Keating said Wednesday that U.S. Bankruptcy Judge Allan Gropper gave the company a four-month extension. That’s two months less than what Chicago-based General Growth sought.

The move buys General Growth more time to exclusively file a reorganization plan and weigh offers to buy the company.

General Growth has put forward a plan to exit bankruptcy with an investment from Canadian property manager Brookfield Asset Management Inc. But it’s also soliciting higher buyout offers.