What is the value in 2010 what is ackmans


1. Why did Tishman Speyer and Black Rock, renowned institutional investors invest in the first place?

2. What mistakes did they make, if any, or was it just bad luck and bad timing? Could those mistakes have been avoided?

3. What is the value in 2010? What is Ackman's value?

4. Assuming Ackman wins the bid, what should his strategy be going forward?

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