Simon's next step, on April 14, 2010, was to announce a $2.5 billion equity investment offer which equaled the price per share of Brookfield's offer. Simon claimed that the deal was more favorable to GGP and its equity holders than Brookfield's offer, stating that it would eliminate the highly dilutive warrants that GGP would issue to Brookfield, Pershing Square and Fairholme Capital. Simon's offer also included a co-investment commitment by Paulson & Co worth $1 billion. Simon Property Group had not ruled out a full takeover of General Growth, claiming that their investment offer would give them more time to work out their differences concerning antitrust issues.