We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Ackman's Pershing Square To Trim Stake In Howard Hughes

Law360, New York (January 3, 2018, 3:31 PM EST) -- Bill Ackman’s Pershing Square Capital Management LP hedge fund plans to pare its stake in real estate developer Howard Hughes Corp. through the sale of 2.5 million shares, potentially raising more than $300 million, according to a regulatory filing Wednesday.

Texas-based Howard Hughes said Pershing Square affiliates — including Pershing Square Holdings Ltd. and Pershing Square LP — are selling shares through a secondary offering that will reduce the hedge fund’s interest in the company. Ackman’s Pershing Square currently owns 4.7 million Howard Hughes shares, or...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.