txlaw Posted January 18, 2011 Posted January 18, 2011 http://www.marketwatch.com/story/brookfield-buying-17-billion-stake-in-ggp-2011-01-18 Berkowitz is selling GGP common to Brookfield for cash and Class A stock in BAM. Fairholme is not selling the GGP warrants. Interestingly, JOE spiked today. Apparently, Mr. Market thinks that Fairholme will use the freed up cash to up its stake in JOE.
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