Howard hughes confirms receipt of unsolicited acquisition proposal from pershing square

The woodlands, texas, jan. 13, 2025 (globe newswire) -- howard hughes holdings inc. (nyse: hhh) (the “company” or “hhh”) today confirmed the board's receipt of a proposal from pershing square capital management lp (“pershing square”) under which pershing square has proposed to acquire additional shares of the company's common stock in a merger transaction between the company and a newly formed merger subsidiary of pershing square holdco, l.p., pursuant to which pershing square would own a majority of the company's common stock as a result of such merger.
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