Pershing Square proposes $900 million deal to increase Howard Hughes stake
Billionaire investor Bill Ackman's Pershing Square Capital Management said on Tuesday it would buy 10 million newly issued shares of Howard Hughes Holdings for $900 million as it revised its proposal to the real estate developer.
In a recent presentation, Ackman and Pershing disclosed that Nike will soon look like it's disappeared from Pershing's portfolio when the fund files updated disclosures for Q1 2025 in a few months.
Among other trades, the hedge-fund manager sells a big-name consumer giant and buys into a real estate company.
Bill Ackman, head of hedge fund Pershing Square Capital Management, said he'll announce a transformational deal, akin to Warren Buffett gaining control of Berkshire Hathaway (BRK.B) (BRK.A), a ...
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