Pershing Square Holdings, an investment holding company owned by hedge fund owner Bill Ackman, stated in a regulatory filing it is evaluating buying out The Woodlands-based Howard Hughes Holdings, according to an Aug. 8 press release from Howard Hughes.
Howard Hughes, which has formed a committee to review any proposals from Pershing Square Holdings, has three master-planned communities in the Greater Houston area—The Woodlands, Bridgeland and The Woodlands Hills, according to its website. It develops residential, mixed-use and commercial real estate across the U.S., according to its website.
The details
According to the release, Pershing Square is the largest stockholder for Howard Hughes, owning 37.5% of the publicly traded Howard Hughes Holdings stock, and the company could purchase the remainder of the stock not owned by the company, according to the release.
