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.Ackman has a unique investment style through his Pershing Square hedge fund. Instead of owning dozens of stocks like many other famous investors do, he tends to prefer spreading Pershing's billions among just a few stocks in which he has the highest level of conv ...

Howard Hughes Holdings (HHH) shares rallied 9.5% in the last trading session to close at $78.62. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 12.5% loss over the past four weeks.The increased investor optimism in the stock can be attributed to the unsolicited acquisition proposal received from Pershing Square Capital Management LP. The proposal is to acquire additional shares of HHH’s common stock in a mer ...

HHH to Host Earnings Call on February 27, 2025THE 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. The Company's earnings release will be posted to the Investors section of the Company's website ...

Bill Ackman’s Pershing Square Wants to Take Over Howard Hughes Holdings ...

No Stockholder Action Required at this TimeTHE 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 Per ...

Howard Hughes Holdings (HHH 8.85%) stock is soaring on Monday, with shares up by 11% at 10 a.m. ET on a day when the S&P 500 (^GSPC -0.61%) and Nasdaq Composite (^IXIC -1.35%) are firmly in the red.Howard Hughes is a developer of master-planned communities, or MPCs. It is the company behind the massive Woodlands community in the Houston area, as well as the Summerlin community just outside of Las Vegas, just to name a couple examples. Management has referred to the company as a real-life version of the popu ...

Key TakeawaysHoward Hughes shares jumped after Bill Ackman's investment firm offered to buy the remaining stake in the company.Ackman's Pershing Square already owned 38% of Howard Hughes as of Nov. 14, according to an SEC filing.The move would create a Pershing subsidiary to merge with Howard Hughes, giving current investors an offer of $85 per share. Billionaire Bill Ackman’s investment firm Pershing Square has offered to buy the remainder of real estate developer Howard Hughes Holdings (HHH) for $85 per s ...

Bill Ackman's Pershing Square is offering to take over the rest of Howard Hughes Holdings the investment firm does not own for $85 a share."While we are pleased with the substantial business progress Howard Hughes Holdings has made over the more than 14 years since it went public, we, like other long-term shareholders and this board, have been displeased with the Company's stock price performance," wrote Ackman in a letter to the Howard Hughes board.Ackman proposed forming a new subsidiary of Pershing, whic ...

THE WOODLANDS, Texas, Jan. 08, 2025 (GLOBE NEWSWIRE) -- Summerlin® and Bridgeland®, two of the award-winning communities in the Howard Hughes Holdings Inc. (NYSE:HHH) portfolio, have been ranked among the nation's top 10 best-selling master planned communities (MPCs) for 2024, according to the year-end report released by national real estate consultant RCLCO. Summerlin, in Las Vegas ranked #5 on the RCLCO list with 1,055 home sales while Bridgeland, in the Greater Houston area, ranked #7 nationally with 938 ...

THE WOODLANDS, Texas, Jan. 08, 2025 (GLOBE NEWSWIRE) -- Summerlin® and Bridgeland®, two of the award-winning communities in the Howard Hughes Holdings Inc. (NYSE: HHH) portfolio, have been ranked among the nation’s top 10 best-selling master planned communities (MPCs) for 2024, according to the year-end report released by national real estate consultant RCLCO. Summerlin, in Las Vegas ranked #5 on the RCLCO list with 1,055 home sales while Bridgeland, in the Greater Houston area, ranked #7 nationally with 93 ...