On January 3, 2013, Pershing Square Capital Management, L.P announced that subsequent to the filing of the original schedule 13D, General Growth Properties Inc.discussed a potential transaction with SPG on terms that Pershing Square Capital believed would have been in the best interest of the Company and its shareholders and would also have been economically accretive to SPG. Further, Pershing Square Capital stated that it is satisfied with the Board's oversight of the Company and therefore intend to return to its status as passive shareholders of the Company. In addition Pershing Square stated that it is terminating its Schedule 13D filing.