Bill Ackman proposes merger between Howard Hughes, Pershing unit
(Reuters) -Billionaire investor Bill Ackman said on Monday Pershing Square was increasing its stake in Howard Hughes Holdings by $1 billion and that the real estate developer plans to buy back shares for an additional $500 million.
Billionaire Bill Ackman Floats Merger With Howard Hughes Holdings On Way To Real Estate Empire
Bill Ackman ’s Pershing Square Capital Management is proposing to merge its newly formed subsidiary with Howard Hughes Holdings Inc., Ackman’s latest attempt to transform Howard Hughes into an empire on par with Berkshire Hathaway.
Bill Ackman says his bid for Howard Hughes Holdings would make it ‘a modern-day Berkshire Hathaway’
Ackman proposed a takeover of real estate developer Howard Hughes for $85 a share and said he is displeased with its recent stock performance.
Howard Hughes Shares Climb on Ackman's $1 Billion Buyout Offer
Shares of Howard Hughes Holdings jumped after hedge-fund manager Bill Ackman's firm offered to buy every share it doesn't already own for $85 apiece. The stock rose 10% at $79.20 in premarket trading Monday.
Bill Ackman’s Pershing Square Offers $1 Billion Buyout of Howard Hughes
Shares of Howard Hughes Holdings jumped after hedge-fund manager Bill Ackman's firm offered to buy every share it doesn't already own for $85 apiece. The stock jumped about 9.4% Monday. The shares were changing hands at roughly the same price a year ago.
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