(Source: Bloomberg)

General Growth Properties Inc., the shopping mall owner under bankruptcy protection, is undervalued and the shares may be worth as much as four and a half times yesterday’s price, William Ackman’s Pershing Square Capital Management LP said. General Growth rose 14 percent.

Read Daniel Taub’s full article “Ackman Says General Growth Shares Are Undervalued” in Bloomberg (December 22, 2009).

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