Howard Hughes Holdings receives a $900M capital infusion from Bill Ackman. See why HHH stock is a strong buy with potential for high ROI and restructuring.

Billionaire investor Bill Ackman's Pershing Square Capital Management said on Tuesday it would buy 10 million newly issued shares of Howard Hughes Holdings for $900 million as it revised its proposal to the real estate developer.

Another hot chicken chain expands in the Baltimore region, a new round of Key Bridge relief for small businesses, and more local business news to start your day.

American billionaire Bill Ackman’s Pershing Square Capital Management has proposed a $900 million bid to significantly boost its stake in

The deal would give hedge-fund manager Bill Ackman’s firm a 48% stake in the company known for master-planned community developments.

Bill Ackman’s Pershing Square Capital Management has revised its plans to merge with commercial real estate giant Howard Hughes Holdings.

Pershing Square has proposed to purchase 10 million newly issued common shares of Howard Hughes at $90 per share, a 46.4% premium over the stock's unaffected price on August 5th, before the announcement of Pershing Square's intention to consider a potential transaction with Howard Hughes.

Howard Hughes Holdings (HHH) shares retreated 8% in Wednesday late morning trading, wiping out Tuesday's 6.8% gain, after confirming a revised takeover proposal from billionaire investor Bill Ackman's Pershing Square Capital Management.