UPDATE 5-General Growth to buy Rouse for $7.2 billion


(Adds closing stock price; edits) By Ilaina Jonas NEW YORK, Aug 20 (Reuters) - General Growth Properties Inc. on Friday said it would buy Rouse Co. for $7.2 billion, adding such swank shopping centers as Chicago's Water Tower Place and Boston's Fanueil Hall to what is already the nation's second largest mall portfolio. Through the acquisition of Rouse, funded mostly by debt, General Growth will expand its geographic reach from New York to Hawaii and move into the planned-community ...

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