Reported about 8 hours ago
Bill Ackman, the billionaire investor, plans to increase his stake in Howard Hughes Holdings by offering $85 per share to take the real estate company private, with the goal of emulating Berkshire Hathaway by acquiring controlling interests in various operating companies. Currently holding a 37.6% stake, Ackman's move would bolster Pershing Square's ownership to between 61% and 69% once finalized. The initiative comes after Ackman expressed dissatisfaction with the company's stock performance.
Source: YAHOO