Associated Press | Shares of General Growth Properties Inc. rose in their first day
following their return to the New York Stock Exchange on Friday.

The country’s second-biggest mall developer had delisted from the NYSE
last April when it filed the largest U.S. real estate bankruptcy case
in history.

Yahoo! BuzzShares had been trading over the counter under the ticker “GGWPQ” for the past 11 months. They returned to the NYSE Friday under the ticker “GGP.”

In morning trading, the stock jumped 56 cents, or 4.2 percent, to $14.05.

Earlier this week, a bankruptcy court gave the Chicago company four more months to file a reorganization plan detailing an exit from Chapter 11 bankruptcy and weigh takeover offers.

General Growth owns or runs more than 200 shopping malls in 43 states.

“We are very pleased to again be listed on the world’s largest and most
liquid trading market,” said Adam Metz, Chief Executive Officer of GGP.
“Today’s listing culminates a successful week for GGP stakeholders
during which we also received an important extension of the time we
have to exclusively propose a plan for the company to emerge from
bankruptcy. We are committed to using the time to continue to explore
alternatives in order to provide fair value for our stakeholders.”