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Howard Hughes Special Committee Provides Update on Engagement with Pershing Square
Howard Hughes Howard Hughes (US:HHH) Newsfilterยท2025-03-03 13:30

Core Viewpoint - Howard Hughes Holdings Inc. announced that its Special Committee rejected the Revised Proposal from Pershing Square Capital Management and entered into a standstill agreement to facilitate further discussions [1][2]. Company Overview - Howard Hughes Holdings Inc. owns, manages, and develops commercial, residential, and mixed-use real estate across the U.S. The company has a portfolio that includes master planned communities and various operating properties [4]. Recent Developments - The Special Committee of Howard Hughes Holdings Inc. indicated that the Revised Proposal received on February 13, 2025, is not acceptable in its current form [1]. - A standstill agreement has been established with Pershing Square, which will remain effective until March 13, 2025, unless extended [1]. - Morgan Stanley & Co. LLC is serving as the financial advisor to the Special Committee, while Hogan Lovells US LLP and Richards, Layton & Finger, P.A. are providing legal counsel [3].