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Billionaire investor Bill Ackman’s Pershing Square has invested $900 million in Howard Hughes Holdings, acquiring a 46.9% stake. Ackman aims to transform HHH into a diversified holding company, inspired by Warren Buffett’s Berkshire Hathaway model.
- Pershing Square paid a 48% premium for Howard Hughes Holdings shares, totaling $900 million.
- Ackman aims to diversify HHH into a high-growth holding company, similar to Berkshire Hathaway.
- The investment gives Pershing Square a 46.9% controlling stake in HHH.
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