Sat, February 22, 2025
Fri, February 21, 2025
Thu, February 20, 2025
Wed, February 19, 2025
[ Wed, Feb 19th ]: sanews
Budget speech postponed
Tue, February 18, 2025
Mon, February 17, 2025
[ Mon, Feb 17th ]: Forbes
Ingmar Rentzhog
Sun, February 16, 2025
Sat, February 15, 2025

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


  Copy link into your clipboard //business-finance.news-articles.net/content/202 .. illion-deal-to-increase-howard-hughes-stake.html
  Print publication without navigation Published in Business and Finance on by Reuters
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source


  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/ ]

Publication Contributing Sources