YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

Bill Ackman makes offer for Howard Hughes Holdings

Posted online

Billionaire hedge fund manager Bill Ackman has offered to take over real estate company Howard Hughes Holdings.

Ackman's Pershing Square would pay $85 per share and form a new entity to merge with Howard Hughes. Pershing currently owns 38% of Howard Hughes.

"While we are pleased with the substantial business progress Howard Hughes Holdings has made over the more than 14 years since it went public, we, like other long-term shareholders and this board, have been displeased with the company's stock price performance," Ackman said in a letter to the Howard Hughes board.

Read more from CNBC.

Comments

No comments on this story |
Please log in to add your comment

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick
Open for Business: Good Pizza Co.

Good Pizza Co. settled into a semipermanent home at Metro Eats; Trinity Electric Co. was acquired; and Cantrell Real Estate relocated.

Most Read
SBJ.net Poll
Does your organization operate a diversity, equity and inclusion program?

*

View results

Update cookies preferences