Private Capital Management
(Reuters) - Australia's Westfield Group isn't expected to snap up any assets from the collapse of General Growth Properties Inc. despite its cash pile of nearly $6.5 billion, due to an uncertain outlook for your U.S. economy and also the global credit sector.
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"The risks are how the U.S. consumer recession is deeper than anticipated. To be able would be increasing their U.S. exposure as the buyer outlook is deteriorating," said Richard Morris, a fund manager with Constellation Capital Management, which does not own Westfield shares.
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