Bill Ackman raises bid for Howard Hughes, says he will turn it into ‘modern-day Berkshire’

Published On Feb 18, 2025, 4:12 PM

Bill Ackman, the CEO of Pershing Square Capital Management, has increased his bid to acquire Howard Hughes Holdings to $90 per share, up from $85. If successful, Ackman’s firm will control nearly half of Howard Hughes and he plans to operate the company as a diversified holding corporation, likening it to a modern version of Berkshire Hathaway. Ackman intends to leverage Pershing Square's resources to develop and grow Howard Hughes's master-planned communities like The Woodlands and Summerlin, promoting a long-term investment strategy in these properties.