Brief: Pershing Square Announces Revised Proposal To Howard Hughes Holdings

Howard Hughes Holdings

18/02/2025 21:31

Feb 18 (Reuters) - Pershing Square:
    * PERSHING SQUARE ANNOUNCES REVISED PROPOSAL TO HOWARD
HUGHES
HOLDINGS
    * PERSHING SQUARE: IN NEW PROPOSAL OWNERSHIP WOULD INCREASE
FROM
37.6% TO 48% OF SHARES
    * PERSHING SQUARE: BILL ACKMAN WOULD BECOME CHAIRMAN AND CEO
OF
HHH
    * PERSHING SQUARE: PROPOSES TO PAY $90 PER SHARE TO ACQUIRE
10,000,000 NEWLY ISSUED SHARES OF HHH
    * PERSHING SQUARE: WILL FUND ITS $900 MILLION INVESTMENT
FROM CASH
ON ITS BALANCE SHEET
    * PERSHING SQUARE: BEN HAKIM WOULD BECOME PRESIDENT OF HHH

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