Howard Hughes Gets Revised Bid From Bill Ackman's Pershing Square

MT Newswires Live
02-19

Howard Hughes (HHH) said late Tuesday its board received a revised, unsolicited proposal from Pershing Square Capital Management to acquire the company.

The company said a special committee will evaluate the revised proposal to "determine the appropriate course of action and process."

Bill Ackman is the founder and chief executive of Pershing Square Capital Management, which expressed interest in Howard Hughes in August followed by a formal takeover bid on Jan. 13.

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