Bill Ackman eyes ‘next Berkshire Hathaway' with $1B offer for real estate giant Howard Hughes
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Bill Ackman's Pershing Square is making a $1 billion offer to acquire the remaining shares of Howard Hughes Corporation (HHC) at $85 per share. Pershing already holds a 37.6% stake in HHC.
January 13, 2025 | 7:15 pm
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Bill Ackman's Pershing Square is offering $85 per share to acquire the remaining shares of Howard Hughes Corporation, aiming to fully own the company.
The offer to buy out the remaining shares at a premium price suggests a positive short-term impact on HHC's stock price. The acquisition could lead to strategic changes and potential growth, aligning with Ackman's vision of creating a 'next Berkshire Hathaway'.
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