Star investor Bill Ackman, CEO of Pershing Square Capital Management, is bringing a breath of fresh air to the real estate world. In January, he presented a merger proposal for Howard Hughes $HHC and has now gone one better. Investors are reacting positively - no wonder, with an offer of USD 85 per share. 📈
The goal? Howard Hughes is to become the modern version of Berkshire Hathaway $BRK.B (-0.13%) . The shares reacted promptly with a rise of 9.53% to 78.62 US dollars. Ackman already owns 37.6 percent of the shares and wants to take control of 60 percent by buying 11,764,706 more shares.
And what do you think? Will Howard Hughes really become the next investment flagship? Or are these just fine words? Let's have a discussion! 👍