YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
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.
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