Pershing Square to acquire an additional stake in Howard Hughes for $900m.

Pershing Square, an American hedge fund management company, is set to invest an additional $1bn in Howard Hughes, a real estate development and management company. Pershing Square announced on February 18 it has submitted a new non-binding proposal to the Special Committee of the Board of Directors of Howard Hughes Holdings. The new proposal replaces Pershing Square’s previously disclosed non-binding proposal of January 13, 2025 that has been withdrawn. Pershing Square would buy 10m newly issued shares of Howard Hughes Holdings for $900m as it revised its proposal to the real estate developer.