· 12d · on MSN
Bill Ackman is betting $900 million he could become the next Warren Buffett by forging a ‘modern-day’ Berkshire Hathaway
· 12d
Stock of the Day: Howard Hughes Holdings whipsaws as Bill Ackman revises his plan to create the 'next Berkshire Hathaway'
· 12d
Bill Ackman aims to turn Howard Hughes Holdings into a 'modern-day Berkshire Hathaway'
Bill Ackman is attempting to copy the conglomerate style and Berkshire Hathaway creation of Warren Buffett with a new buyout offer.
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 head of Pershing Square Capital Management also said that Buffett is too conservative in his investment discipline.
The board of directors for the developer of master-planned communities called the $90-per-share offer from Pershing Square "not acceptable in its current form."
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.
5d
cryptopolitan on MSNWho is the true successor to Warren Buffett’s legacy? Hedge fund guy Bill Ackman?Warren Buffett reaffirmed Greg Abel as his successor at Berkshire Hathaway, assuring shareholders of a smooth leadership transition.
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