General Growth stock plunges 52% today

Elk Grove Promenade Mall developer General Growth Properties (GGP) saw it's share price plunge over 50% today on continuing fears ...




Elk Grove Promenade Mall developer General Growth Properties (GGP) saw it's share price plunge over 50% today on continuing fears that it will not be able to refinance it's multi-billion dollar debt obligation due early next year.

The Chicago-based mall developer has seen it shares plunge over 90% in the last 52 weeks. GGP also announced it will suspend it's third quarter dividend.

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Anonymous said...

Junk Junk Junk! We DID NOT WANT THIS MALL..... THE LENT FAMILY NEEDS TO BUY BACK THE PROPERTY FOR COWS, HAY EG CANNOT KEEP MERVYNS HERE OR ANY OTHER ESTABLISHMENT PLUS WHAT'S UP WITH THE YOGURT SHOPS ON EVERY CORNER!

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