Howard Hughes Rejects Pershing Square’s Proposal

An announcement from Howard Hughes Holdings ( (HHH) ) is now available.

On March 3, 2025, Howard Hughes Holdings Inc. announced that its Special Committee has rejected a proposal from Pershing Square Capital Management L.P. received on February 13, 2025, deeming it unacceptable in its current form. The company has entered into a standstill agreement with Pershing Square to explore potential alternatives, which will last until March 13, 2025, unless extended. The outcome of these discussions is uncertain, and the company has stated it will not provide further comments unless necessary. Morgan Stanley & Co. LLC is advising the Special Committee, with legal counsel from Hogan Lovells US LLP and Richards, Layton & Finger, P.A.

More about Howard Hughes Holdings

Howard Hughes Holdings Inc. owns, manages, and develops commercial, residential, and mixed-use real estate throughout the U.S. Its portfolio includes master planned communities and development opportunities in various locations such as Maryland, Texas, Las Vegas, Honolulu, and Phoenix. The company is recognized for its commitment to innovative placemaking and design excellence, and is traded on the New York Stock Exchange as HHH.

YTD Price Performance: 4.47%

Average Trading Volume: 432,142

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $3.99B

See more data about HHH stock on TipRanks’ Stock Analysis page.