Billionaire investor Bill Ackmans Pershing Square Capital Management will acquire 10 million newly issued shares of Howard Hughes Holdings for $900 million, increasing its stake to 48% from 37.6%. The revised

Bill Ackman's Pershing Square proposed to acquire 10 million newly issued Howard Hughes shares at $90 per share — up from $85 per share earlier.

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.