Pershing Square Invests $1B in Howard Hughes, Transforming into Diversified Holding Co.

Pershing Square Holdings to Invest $1B in Howard Hughes, Transforming it into a Diversified Holding Company: Howard Hughes, a real estate firm known for its master-planned communities, is set to undergo a significant transformation. Pershing Square Holdings, the firms largest shareholder, plans to invest up to one billion dollars in Howard Hughes, aiming to support its acquisition of Vantage Group Holdings, a specialty insurance company. This strategic move, reminiscent of Warren Buffetts Berkshire Hathaway, aims to diversify Howard Hughes portfolio and provide low-cost capital for other investments. The acquisition of Vantage is expected to be completed in Q2 2026, financed through a combination of Howard Hughes existing cash and Pershing Squares stock subscription.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.