Bill Ackman proposes merger between Howard Hughes, Pershing unit
(Reuters) -Billionaire investor Bill Ackman said on Monday that Pershing Square is increasing its stake in Howard Hughes Holdings by $1 billion and that the real estate developer plans to buy back shares for an additional $500 million.
Ackman's Pershing Square proposes merger with Howard Hughes
Pershing Square Capital Management has proposed a deal to merge a newly formed subsidiary with Howard Hughes Holdings, the latest step in Ackman’s pursuit of the real estate developer he used to help lead.
Bill Ackman aims to create ‘modern-day Berkshire Hathaway’ with Howard Hughes deal
Ackman believes that Howard Hughes, which owns property in Las Vegas, Texas and Hawaii, is on the verge of generating the cash flow from its real estate to begin making acquisitions of other companies or property operations.
Bill Ackman's Pershing Square offers to take over real estate developer Howard Hughes for $85 a share
This is breaking news. Please refresh for updates. Bill Ackman's Pershing Square is offering to takeover the rest of Howard Hughes Holdings the investment firm does not own for $85 a share. "While we are pleased with the substantial business progress Howard Hughes Holdings ("HHH" or the "Company") has made over the more than 14 years since it went public,
Howard Hughes Shares Climb on Ackman's $1 Billion Buyout Offer
Shares of Howard Hughes Holdings jumped after hedge-fund manager Bill Ackman's firm offered to buy every share it doesn't already own for $85 apiece. The stock rose 10% at $79.20 in premarket trading Monday.
Billionaire Ackman's Pershing Square offers $85 per share for rest of Howard Hughes
(Reuters) -Billionaire investor Bill Ackman's Pershing Square said on Monday it has offered to buy the remaining stake it does not already own in real estate developer Howard Hughes Holdings for $85 per share.
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