Hi Melua,
The way I see it is I have the potential of winning either way. Lets say VIL go up 10% tomorrow, with todays variance between VIL and GGP GGP have 12% catchup plus 50% of tomorrows rise = 17%. If VIL falls back to GGP's level tomorrow I have 22% on the sale.
correction soon ggp or vil, page-5
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