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Howard Hughes Stock Pops on Billionaire Bill Ackman's $85 Per Share Offer
HHHHoward Hughes (HHH) Investopedia·2025-01-13 15:48

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 85pershare.BillionaireBillAckman’sinvestmentfirmPershingSquarehasofferedtobuytheremainderofrealestatedeveloperHowardHughesHoldings(HHH)for85 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 ...