Howard Hughes Holdings (HHH) Stock

Pershing Square hedge fund manager Bill Ackman recently made an offer to acquire a majority stake in real estate development company Howard Hughes Holdings (HHH 0.08%). The only problem is that there's a lot to dislike about the structure of Ackman's deal, as my colleague Tyler Crowe and I explain in this video.

Billionaire hedge fund manager Bill Ackman recently announced his intention to take control of real estate development company Howard Hughes Holdings (HHH -1.08%). But even though Ackman will own a majority stake, he plans to use this as Pershing Square's modern-day Berkshire Hathaway.

Bill Ackman and his fund Pershing Square Capital Management are big fans of the real estate development company Howard Hughes Holdings (HHH -1.08%). In 2010, Pershing, along with several big private equity firms, capitalized the company in a rights offering that valued shares at $47.62.

Billionaire hedge fund manager Bill Ackman announced plans to build a modern-day Berkshire Hathaway (BRK.A 1.42%) (BRK.B 1.38%). Although Ackman and his investors would own most of it, it would be available to invest in as a publicly traded company.

THE WOODLANDS, Texas, Jan. 14, 2025 (GLOBE NEWSWIRE) -- Howard Hughes Holdings Inc . (NYSE: HHH) (“the Company” or “Howard Hughes”) announced today that the Company will release 2024 fourth quarter earnings on Wednesday, February 26, 2025, after the market closes and will hold its fourth quarter conference call on Thursday, February 27, 2025, at 10:00 AM Eastern Time.

Shares of Howard Hughes rose Monday but were below Ackman's offering price. It may take more from Pershing Square to seal a deal.

THE WOODLANDS, Texas, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Howard Hughes Holdings Inc. (NYSE: HHH) (the “Company” or “HHH”) today confirmed the Board's receipt of a proposal from Pershing Square Capital Management LP (“Pershing Square”) under which Pershing Square has proposed to acquire additional shares of the Company's common stock in a merger transaction between the Company and a newly formed merger subsidiary of Pershing Square Holdco, L.P., pursuant to which Pershing Square would own a majority of the Company's common stock as a result of such merger.

Howard Hughes is a real estate company responsible for planned communities sprouting across the United States, with some rivaling sizes of small cities. Now, billionaire investor Bill Ackman's Pershing Square is considering taking it private.

Howard Hughes Holdings (HHH 8.82%) stock is soaring on Monday, with shares up by 11% at 10 a.m. ET on a day when the S&P 500 (^GSPC -0.48%) and Nasdaq Composite (^IXIC -1.17%) are firmly in the red.