Bill Ackman Proposes Merger Between Howard Hughes, Pershing Unit
Under the proposed deal, a Pershing Square unit will buy 11.8 million shares for $1 billion from non-Pershing Square affiliate shareholders of Howard Hughes, while the real estate developer will commence a $500 million share repurchase at $85 per share for up to 5.9 million shares.
Bill Ackman, the billionaire investor who operates the Pershing Square hedge fund, has been involved with Howard Hughes since ...
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Pershing, which holds a 37.6% stake in the HHH, will offer $85 a share to buy out the rest of the firm, Ackman said in a ...
The American aerospace engineer and businessman owned the land beneath the existing home in Coconut Grove at the time of his ...
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