The hedge fund manager has a plan to take control of a unique business.Pershing Square hedge fund manager Bill Ackman recently made an offer to acquire a majority stake in real estate development company Howard Hughes Holdings (HHH 0.08%). The only problem is that there's a lot to dislike about the structure of Ackman's deal, as my colleague Tyler Crowe and I explain in this video.*Stock prices used were the morning prices of Jan. 23, 2025. The video was published on Jan. 24, 2025. ...

Billionaire hedge fund manager Bill Ackman announced plans to build a modern-day Berkshire Hathaway (BRK.A 1.42%) (BRK.B 1.38%). Although Ackman and his investors would own most of it, it would be available to invest in as a publicly traded company.Ackman has a unique investment style through his Pershing Square hedge fund. Instead of owning dozens of stocks like many other famous investors do, he tends to prefer spreading Pershing's billions among just a few stocks in which he has the highest level of conv ...

Howard Hughes Holdings (HHH) shares rallied 9.5% in the last trading session to close at $78.62. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 12.5% loss over the past four weeks.The increased investor optimism in the stock can be attributed to the unsolicited acquisition proposal received from Pershing Square Capital Management LP. The proposal is to acquire additional shares of HHH’s common stock in a mer ...

HHH to Host Earnings Call on February 27, 2025THE WOODLANDS, Texas, Jan. 14, 2025 (GLOBE NEWSWIRE) -- Howard Hughes Holdings Inc. (NYSE: HHH) (“the Company” or “Howard Hughes”) announced today that the Company will release 2024 fourth quarter earnings on Wednesday, February 26, 2025, after the market closes and will hold its fourth quarter conference call on Thursday, February 27, 2025, at 10:00 AM Eastern Time. The Company's earnings release will be posted to the Investors section of the Company's website ...

Company Overview - Pershing Square, led by Bill Ackman, is seeking to take over Howard Hughes Holdings [1] Strategic Move - The potential takeover indicates Pershing Square's interest in expanding its portfolio through strategic acquisitions [1] Industry Implications - The move could signal increased activity in the real estate and investment sectors, particularly in large-scale acquisitions [1]

Transaction Proposal - Pershing Square Capital Management LP has proposed to acquire additional shares of Howard Hughes Holdings Inc (HHH) through a merger transaction, which would result in Pershing Square owning a majority of the company's common stock [1] - Pershing Square currently beneficially owns approximately 37.6% of HHH's common stock [1] - The proposal is conditioned on negotiation and execution of a definitive agreement, approval by the Special Committee, and approval by holders of a majority of shares not owned by Pershing Square or its affiliates [6] Company Response - HHH has formed a Special Committee of independent directors to evaluate the proposal and determine the appropriate course of action [4] - The company does not intend to comment further on the matter unless further disclosure is deemed appropriate or necessary [2] - No action is required by HHH stockholders at this time [4] Advisory Team - Morgan Stanley & Co LLC is acting as financial advisor to the Special Committee [5] - Hogan Lovells US LLP and Richards, Layton & Finger, PA are acting as legal counsel to the Special Committee [5] Company Overview - Howard Hughes Holdings Inc owns, manages, and develops commercial, residential, and mixed-use real estate throughout the US [7] - The company's portfolio includes master planned communities, operating properties, and development opportunities in various locations across the country [7] - HHH is recognized for its innovative placemaking, design excellence, and commitment to the cultural life of its communities [7]

Howard Hughes Holdings (HHH 8.85%) stock is soaring on Monday, with shares up by 11% at 10 a.m. ET on a day when the S&P 500 (^GSPC -0.61%) and Nasdaq Composite (^IXIC -1.35%) are firmly in the red.Howard Hughes is a developer of master-planned communities, or MPCs. It is the company behind the massive Woodlands community in the Houston area, as well as the Summerlin community just outside of Las Vegas, just to name a couple examples. Management has referred to the company as a real-life version of the popu ...

Key TakeawaysHoward Hughes shares jumped after Bill Ackman's investment firm offered to buy the remaining stake in the company.Ackman's Pershing Square already owned 38% of Howard Hughes as of Nov. 14, according to an SEC filing.The move would create a Pershing subsidiary to merge with Howard Hughes, giving current investors an offer of $85 per share. Billionaire Bill Ackman’s investment firm Pershing Square has offered to buy the remainder of real estate developer Howard Hughes Holdings (HHH) for $85 per s ...

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.Ackman proposed forming a new subsidiary of Pershing, whic ...

THE WOODLANDS, Texas, Jan. 08, 2025 (GLOBE NEWSWIRE) -- Summerlin® and Bridgeland®, two of the award-winning communities in the Howard Hughes Holdings Inc. (NYSE:HHH) portfolio, have been ranked among the nation's top 10 best-selling master planned communities (MPCs) for 2024, according to the year-end report released by national real estate consultant RCLCO. Summerlin, in Las Vegas ranked #5 on the RCLCO list with 1,055 home sales while Bridgeland, in the Greater Houston area, ranked #7 nationally with 938 ...