WSJ News Exclusive | Carl Icahn Placing a Big Bet Against Mall Owners

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Carl Icahn is betting against struggling malls, wagering that owners won't be able to pay their debts, according to people familiar with the matter

The billionaire investor stands to gain $400 million or more if mall owners run into challenges servicing their debt, according to people familiar with the matter. Mr. Icahn likely is the largest short seller of mall debt, traders in market said.

 

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