Bill Ackman Proposes $1 Billion Bid to Take Howard Hughes Private

The billionaire investor aims to transform the real estate developer into a modern-day Berkshire Hathaway with expanded investments and long-term growth plans.

Bill Ackman's Pershing Square, which currently owns 38% of Howard Hughes Holdings, has offered $85 per share to acquire the remaining stake in the company.
The proposed $1 billion deal would allow shareholders to either cash out or roll their shares into a new entity that would remain publicly traded.
Ackman plans to use Howard Hughes as a foundation for creating a diversified holding company inspired by Warren Buffett's Berkshire Hathaway model.
The proposal includes retaining Howard Hughes' current leadership and employees, while leveraging its cash flow for future investments and acquisitions.
The offer represents an 18% premium over the company's recent closing price, though some analysts suggest shareholders may push for a higher valuation.