Pershing Square to Merge Howard Hughes with New Entity at $85 Share Price
Bill Ackman’s Pershing Square is forming a new entity to merge with Howard Hughes Holdings, offering current holders $85 per share. The move aims to address the company’s poor stock price performance over the past 14 years. Pershing Square owns approximately 38% of Howard Hughes and has invested $250 million in the company since 2010. … Read more