Reported 1 day ago
Billionaire investor Bill Ackman, through Pershing Square Capital Management, is significantly increasing his stake in Howard Hughes Holdings by proposing to purchase up to 11.7 million shares at $85 each, aiming to hold the investment 'forever.' Despite a modest return over the last decade, Ackman strongly believes in the company's potential, noting its valuable real estate assets and growth prospects. He intends this substantial acquisition to solidify his commitment to the company and optimize its market position.
Source: YAHOO