Bill Ackman is attempting to copy the conglomerate style and Berkshire Hathaway creation of Warren Buffett with a new buyout offer.
Bill Ackman is attempting to copy the conglomerate style and Berkshire Hathaway creation of Warren Buffett with a new buyout offer.
Pershing Square’s Bill Ackman hiked his takeover offer for Howard Hughes Holdings to create a “modern-day” Berkshire Hathaway.
Bill Ackman, head of hedge fund Pershing Square Capital Management, said he'll announce a transformational deal on Tuesday, akin to Warren Buffett gaining control of Berkshire Hathaway (BRK.B) (BRK.A),
Billionaire Bill Ackman made another offer in an attempt to take more control of Howard Hughes Holding, where his firm is already the largest shareholder.
Among other trades, the hedge-fund manager sells a big-name consumer giant and buys into a real estate company.
Bill Ackman proposes to increase his stake in Howard Hughes to 48%. He wants to turn HHH into a modern-day Berkshire Hathaway.
Bill Ackman's Pershing Square proposed to acquire 10 million newly issued Howard Hughes shares at $90 a share — up from $85 a share.
Billionaire investor Bill Ackman is making a big move with his firm, Pershing Square Capital Management, as he looks to expand his stake in Howard Hughes Holdings (NYSE:HHH). On Feb. 18, he proposed buying 10 million newly issued shares at $90 each,