Howard Hughes hits one-month high as Ackman's Pershing Square raises stake
ReutersMay 5, 2025 1:46 PM
Shares of real estate developer Howard Hughes Holdings HHH.N up 5.8% at $71.39, their highest since April 3
HHH marks its biggest intraday pct. jump since April 9
Billionaire investor Bill Ackman's Pershing Square to buy 9 million newly issued shares in HHH for $900 million
Following transaction, Pershing Square will own 46.9% of HHH's outstanding shares
Ackman named executive chairman of Howard Hughes; HHH CEO David O'Reilly to continue in the role
Stock down ~8% this year, including session move
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