Howard Hughes to buy Vantage for $2.1 billion, shares rise

Howard Hughes Holdings

18/12/2025 13:09

** Shares of real estate company Howard Hughes Holdings HHH.N rise nearly 2.5% to about $85 premarket

** Bill Ackman-backed company says it will buy specialty insurance firm Vantage for about $2.1 billion

** Says it will fund deal with cash and up to a $1 billion loan from Ackman-backed hedge fund, Pershing Square, which will be in the form of preferred shares in Vantage

** Deal is expected to close in the second quarter of 2026

** Three of 4 analysts rate HHH "buy" or higher, 1 "hold"; median PT is $105 - data compiled by LSEG

** As of last close, HHH shares up 7.9% YTD

(Reporting by Megavarshini G. Somasundaram in Bengaluru)

((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))