A key problem is that the Howard Hughes board and the special committee evaluating the proposal may not want to turn the company into an Ackman-led mini Berkshire.
Bill Ackman proposes to increase his stake in Howard Hughes to 48%. He wants to turn HHH into a modern-day Berkshire Hathaway.
Bill Ackman's Pershing Square proposed to acquire 10 million newly issued Howard Hughes shares at $90 a share — up from $85 a share.
Billionaire investor Bill Ackman is making a big move with his firm, Pershing Square Capital Management, as he looks to expand his stake in Howard Hughes Holdings (NYSE:HHH). On Feb. 18, he proposed buying 10 million newly issued shares at $90 each,
Among other trades, the hedge-fund manager sells a big-name consumer giant and buys into a real estate company.
Pershing Square’s Bill Ackman hiked his takeover offer for Howard Hughes Holdings to create a “modern-day” Berkshire Hathaway.
Bill Ackman made a bid to take Howard Hughes Holdings private, with the goal of turning the real estate firm into a holding company.
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