Pershing square to invest $900 million to acquire nine million newly issued shares of howard hughes holdings and transform hhh into a diversified holding company
Pershing square to support hhh's strategic expansion through investment, advisory, and other resources hhh will operate as a diversified holding company seeking to acquire controlling interests in high-quality, durable growth public and private companies howard hughes corporation, hhh's real estate development business and principal subsidiary, will continue as the nation's leading community builder pershing square's primary purchase of hhh stock for $100.00 per share represents a 48% premium to friday's closing price pershing square will now own 46.9% of the company pershing square's investment materially improves howard hughes' credit profile and strategic and financial flexibility the woodlands, texas and new york, may 05, 2025 (globe newswire) -- howard hughes holdings inc. (nyse: hhh) (the “company,” “howard hughes” or “hhh”) and pershing square holdco, l.p. and its wholly owned subsidiary, pershing square capital management, l.p.
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