Description: WHEN General Growth Properties buckled under a mountain of debt and filed for bankruptcy last year, deal watchers assumed that Simon Properties, the nation’s largest mall owner, would swoop in and buy it. So many people were stunned when Brookfield Asset Management, a lesser-known company that is based in Toronto, beat out Simon last May and snagged a major ownership stake.
Source: NYTimes.com
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Date: 12/18/2010
Link: http://www.nytimes.com/2010/12/19/business/19brook.html?ref=business
Questions for discussion:ÂÂ
- Summarize the growth history of the firm.
- How has the recent financial crisis helped some firms grow while others falter?
- What strategic lessons are there to learn from this report?
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