This is an interesting one. Simon (Blackstone?) has sent yet another letter to GGP in public, this time providing comments -- and disclosing -- a proposed non-disclosure agreement related to their dancing together during any discussions.
Simon says, to wit: "General Growth's comments to the non-disclosure agreement are not constructive and make clear your apparent interest in precluding our offer from moving forward or being considered by your stakeholders." Of course. They are stalling for time. Time for a white knight. I'm sure you have heard that the company is taking the step of seeking equity (!) during a BK, possibly from Brookfield but don't be surprised if someone else is lurking.
Kudos to Jay Rickey for pointing this one out to me!