Bill Ackman’s Pershing Square is offering to take over 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 has made over the more than 14 years since it went public, we, like other long-term shareholders and this board, have been displeased with the Company’s stock price performance,” wrote Ackman in a letter to the Howard Hughes board.

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Reuters

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Billionaire Ackman's Pershing Square offers $85 per share for rest of Howard Hughes

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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The investment firm run by Bill Ackman is offering Howard Hughes shareholders US$ 85 per share, most of which would be paid in cash, to merge it with a newly formed subsidiary

A empresa de investimentos dirigida por Bill Ackman está oferecendo aos acionistas da Howard Hughes US$ 85 por ação, a maioria dos quais seria paga em dinheiro, para fundi-la com uma subsidiária recém-formada

Bill Ackman quer tornar incorporadora uma versão 'moderna' da Berkshire Hathaway, de Warren Buffett

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Roberto Irineu Marinho

Brazil

Bill Ackman wants to incorporate a 'modern' version of Warren Buffett's Berkshire Hathaway

"With apologies to Mr. Buffett, HHH would become a modern-day Berkshire Hathaway that would acquire controlling interests in operating companies," the 58-year-old Ackman, who is worth an estimated $9.2 billion, wrote.

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Murdoch family

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Bill Ackman eyes ‘next Berkshire Hathaway’ with $1B offer for real estate giant Howard Hughes

Ackman proposed forming a new subsidiary of Pershing, which currently owns about 38% of Howard Hughes, that would merge with the company.

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Roberts family

Bill Ackman offers to take over real estate developer Howard Hughes for $85 a share

Howard Hughes Holdings Inc. (NYSE:HHH) experienced an 11.01% increase in its stock price on Monday during pre-market hours, as per Benzinga Pro, after Bill Ackman‘s Pershing Square announced an offer to acquire the remaining shares it does not already own. The offer was made on Monday at $85 per share, according to CNBC. The proposal will allow the shareholders of Texas-based real estate developer, a long-standing investment for Pershing Square,…

Benzinga

Howard Hughes Stock Jumps 11% In Pre Market After Bill Ackman's Pershing Square Offers $85 Per Share To Buy Remaining Stake - Howard Hughes Holdings (NYSE:HHH)

Plus, a look at the Texas power market Constellation is expanding in after its recent mega-deal.

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8 things to know: Hedge fund makes $1B offer for Howard Hughes

Pershing Square Capital Management LP has proposed a deal to merge one of its subsidiaries with real estate company Howard Hughes Holdings Inc., according to a letter to investors.

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Michael Bloomberg

The Vanguard Group

Howard Buffett

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Ackman’s Pershing Square Proposes Merger With Howard Hughes

Billionaire investor Bill Ackman said today 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.

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Honolulu County

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Billionaire proposes merger between Howard Hughes, Pershing unit | Honolulu Star-Advertiser

Ackman has unveiled his vision to form a new business out of Howard Hughes Holdings “that would acquire controlling interests in operating companies.”

MarketWatch

Billionaire Bill Ackman wants to build a ‘modern-day Berkshire Hathaway’

Howard Hughes (HHH) stock is up 11.3% in premarket trading after Bill Ackman proposed to acquire remaining shares at $85 per share, offering cash and stock...

Seeking Alpha

Howard Hughes rises as Ackman's Pershing Square offers to buy rest of the company

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Bill Ackman’s Pershing Square offers to take over real estate developer Howard Hughes for $85 a share

Bill Ackman’s Pershing Square offers to take over real estate developer Howard Hughes for $85 a share

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