Howard Hughes International’s stock rallies 8% in premarket trading after Pershing Square agrees to pay big premium for stock
Published: May 5, 2025 at 8:45 a.m. ET
Howard Hughes Holdings Inc.’s stock rallied Monday as billionaire Bill Ackman reached a final agreement to acquire a controlling interest in the real-estate-development company that he plans to turn into a modern Berkshire Hathaway.
Ackman and the management of Howard Hughes HHH have now agreed on a $900 million investment as part of a plan to operate the company as a “diversified holding company seeking to acquire controlling interests in high-quality, durable growth public and private companies.”
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