Howard Hughes Says Aware Of Pershing Square's Filing And Has Formed Special Committee To Review Any Proposal By Pershing Square
Portfolio Pulse from Benzinga Newsdesk
Howard Hughes Corporation (HHH) has acknowledged Pershing Square Capital Management's regulatory filing and has formed a special committee to review any proposals. Pershing Square, HHH's largest stockholder with 37.5% ownership, is evaluating various potential alternatives, including a possible transaction.
August 08, 2024 | 11:43 am
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Howard Hughes Corporation (HHH) has formed a special committee to review proposals from Pershing Square, which owns 37.5% of HHH's shares and is considering various alternatives, including a possible transaction.
The formation of a special committee to review proposals from Pershing Square, which owns a significant portion of HHH's shares, indicates potential strategic changes. This could lead to increased investor interest and a positive short-term impact on HHH's stock price.
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