The judge hearing mall owner General Growth Properties's bankruptcy case gave it another four months of exclusive control over its fate, a shorter reprieve than the company had requested but longer than some of its suitors and creditors had wanted.

General Growth, which owns more than 200 US malls, will attempt within that timeframe to determine which is its best course out of bankruptcy: as a recapitalised, standalone company or though an acquisition by pursuers such as rival Simon Property Group.

Wall Street Journal