US EditionBill Ackman completes quest to launch Berkshire Hathaway lookalike
- On May 5, 2025, Pershing Square invested $900 million to acquire a 46.9% stake in Howard Hughes Holdings , with Bill Ackman becoming Executive Chairman.
- This investment followed a rigorous process by HHH's independent Special Committee, including earlier proposals and negotiations to transform HHH’s strategy.
- HHH will remain a leading real estate developer while evolving into a diversified holding company acquiring controlling interests in high-quality public and private companies.
- Ackman described this move as creating a 'modern-day Berkshire Hathaway,' aiming to unlock unrecognized value and improve HHH’s credit profile through enhanced growth avenues.
- The transaction broadens HHH's leadership with new board members and executives while allowing it to pursue expanded roles and sustain core operations across multiple states.
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Pershing Square to Invest $900 million to Acquire Nine Million Newly Issued Shares of Howard Hughes Holdings and Transform HHH Into a Diversified Holding Company
Pershing Square to Support HHH’s Strategic Expansion Through Investment, Advisory, and Other Resources HHH Will Operate as a Diversified Holding Company...
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