Bill Ackman's Pershing Square proposed to acquire 10 million newly issued Howard Hughes shares at $90 a share — up from $85 a share.

NEW YORK (Reuters) - Billionaire investor Bill Ackman's plans to turn real estate company Howard Hughes Holdings into a diversified holding company will not impact how his investment portfolios buy and sell stakes in companies.

Pershing Square’s Bill Ackman hiked his takeover offer for Howard Hughes Holdings to create a “modern-day” Berkshire Hathaway.

Billionaire Bill Ackman’s investment firm, Pershing Square Capital Management, filed its Q4 2024 13F holdings report on Feb. 14, one week after he revealed on X that he had accumulated a $2.3 billion stake in Uber Technologies (NYSE:UBER).

Fast forward half a century, Bill Ackman, the billionaire hedge fund manager behind Pershing Square Capital Management, is looking to replicate Buffett’s success by creating a “modern-day Berkshire Hathaway.

The deal would give hedge-fund manager Bill Ackman’s firm a 48% stake in the company known for master-planned community developments.

Billionaire investor Bill Ackman's Pershing Square Capital Management said on Tuesday it would buy 10 million newly issued shares of Howard Hughes Holdings for $900 million as it revised its proposal to the real estate developer.

Bill Ackman proposes to increase his stake in Howard Hughes to 48%. He wants to turn HHH into a modern-day Berkshire Hathaway.

Howard Hughes Holdings receives a $900M capital infusion from Bill Ackman. See why HHH stock is a strong buy with potential for high ROI and restructuring.

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,

In a post prior to the announcement, Ackman likened his firm's move to the approach Warren Buffett has used with Berkshire ( BRK-A, BRK-B) in which Buffett turned a textile manufacturer into a holding company that owns stakes in many publicly traded equities including Apple ( AAPL) and Bank of America ( BAC ).

Sixty years later, Bill Ackman wants to do something similar — but he’s starting with real estate, not textiles. Ackman’s Pershing Square investment firm has proposed to acquire 10 million new shares of Howard Hughes Holdings (HHH) at $90 each,