Pershing Square has committed $900 million to acquire 9 million newly issued shares of Howard Hughes Holdings (HHH) at $100 per share, marking a 48% premium over the previous closing price. This investment positions HHH as a diversified holding company, aiming to acquire stakes in high-quality, growth-oriented public and private firms. The transaction elevates Pershing Square’s ownership to 46.9% of HHH. Bill Ackman, Pershing Square’s CEO, assumes the role of Executive Chairman at HHH, while Ryan Israel joins as Chief Investment Officer. The Howard Hughes Corporation, HHH’s primary subsidiary, will continue its focus on real estate development and community building. Pershing Square’s resources, including advisory and investment services, will support HHH’s strategic transformation. The deal was unanimously approved by HHH’s independent Special Committee and enhances HHH’s financial flexibility and credit profile. \n— new from GlobeNewswire