Reuters | General Growth Properties Inc. looks set to proceed with a plan to emerge from bankruptcy, bankrolled by a group led by Brookfield Asset Management, as a deadline for others to submit bids passed on Wednesday, a source familiar with the matter said.
General Growth had set a June 2 deadline for offers. But it can still entertain better bids to either buy the Chicago-based company or to fund it as a stand-alone entity before a court date in mid-July to submit a plan to exit bankruptcy.
