Reported 3 days ago
Billionaire investor Bill Ackman is proposing to transform Howard Hughes Holdings into a diversified holding company akin to Warren Buffett's Berkshire Hathaway. Ackman's Pershing Square has submitted an offer to acquire 10 million shares at $90 each, aiming to gain a 48% stake and appoint Ackman as chairman and CEO. This follows a previous bid in January and reflects Ackman's intent to apply long-term, shareholder-focused strategies similar to those used by Buffett.
Source: YAHOO