Workflow
Warren Buffett Is Retiring, but Another Billionaire Wants to Create the Next Berkshire Hathaway
HHHHoward Hughes (HHH) The Motley Fool·2025-05-06 10:22

Billionaire hedge fund manager Bill Ackman has been attempting to use real estate developer Howard Hughes Holdings (HHH 2.82%) to create a "modern-day Berkshire Hathaway" for some time. Now, it looks like a deal has finally been reached that could allow him to get started.I've previously discussed Ackman's two prior proposals (links in text), but here are the short versions:In January, Ackman proposed taking a majority stake in Howard Hughes by purchasing shares for $85. Depending on how many shareholders t ...