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Wed, February 19, 2025

Pershing Square proposes $900 million deal to increase Howard Hughes stake


Published on 2025-02-19 11:20:48 - Reuters
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  • Billionaire investor Bill Ackman's Pershing Square Capital Management said on Tuesday it would buy 10 million newly issued shares of Howard Hughes Holdings for $900 million as it revised its proposal to the real estate developer.

Pershing Square Capital Management, led by billionaire investor Bill Ackman, has proposed to buy 10 million shares of Howard Hughes Holdings Inc. at $90 per share, as reported by Reuters on February 18, 2025. This offer represents a significant premium over the stock's recent trading price, aiming to increase Pershing Square's stake in the real estate company. Howard Hughes Holdings, known for its master-planned communities and other real estate developments, has seen its shares rise following the announcement. The proposal comes at a time when the real estate market is experiencing various dynamics, and this move by Ackman could potentially influence the company's strategic direction and market perception.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/pershing-square-proposes-buy-10-million-shares-howard-hughes-90-per-share-2025-02-18/ ]
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