Bill Ackman, head of hedge fund Pershing Square Capital Management, said he'll announce a transformational deal on Tuesday, akin to Warren Buffett gaining control of Berkshire Hathaway (BRK.B) (BRK.A),

The hedge fund manager behind Pershing Square Capital Management is a former investor in Berkshire, and has been called the next Buffett – the “Oracle of Omaha” regarded as one of the world’s most

The head of Pershing Square Capital Management also said that Buffett is too conservative in his investment discipline.

A key problem is that the Howard Hughes board and the special committee evaluating the proposal may not want to turn the company into an Ackman-led mini Berkshire.

Bill Ackman proposes to increase his stake in Howard Hughes to 48%. He wants to turn HHH into a modern-day Berkshire Hathaway.

Bill Ackman's Pershing Square proposed to acquire 10 million newly issued Howard Hughes shares at $90 a share — up from $85 a share.

Warren Buffett reaffirmed Greg Abel as his successor at Berkshire Hathaway, assuring shareholders of a smooth leadership transition.

Sixty years later, Bill Ackman wants to do something similar — but he’s starting with real estate, not textiles. Ackman’s Pershing Square investment firm has proposed to acquire 10 million new shares of Howard Hughes Holdings (HHH) at $90 each,