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Outcome of Howard Hughes Shareholder Vote on Pershing Square Offer by September 30, 2025
3
Resolution / Starting Odds
Approved • 25%
Rejected • 25%
Offer Revised • 25%
No Vote Held • 25%
Official announcements from Howard Hughes Holdings, SEC filings
Story
Ackman's Pershing Square Offers $85 per Share for Howard Hughes, Aiming to Create 'Modern-Day Berkshire Hathaway'
Jan 13, 2025, 04:51 PM
Bill Ackman's Pershing Square has proposed to acquire Howard Hughes Holdings for $85 per share, representing a 38% premium over the pre-announcement price. The $1.5 billion deal includes a $1 billion cash offer and a $500 million share buyback financed through bonds. Ackman aims to transform Howard Hughes Holdings into a 'modern-day Berkshire Hathaway' by merging it with a newly formed subsidiary of Pershing Square. Pershing Square currently owns 37.6% of Howard Hughes Holdings and seeks to increase its ownership to 69.2%. Following the announcement, $HHH shares rose 9.4% in pre-market trading. Some shareholders believe the offer undervalues the company and is an attempt to gain control on the cheap.
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Yes • 50%
No • 50%
Merger Cancelled • 25%
Merger Delayed • 25%
Other Outcome • 25%
Successful Completion • 25%
Approved and completed • 25%
Approved but not completed • 25%
Not approved • 25%
Withdrawn • 25%
Reject proposal • 33%
Approve proposal • 33%
Request modification • 34%
No • 50%
Yes • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Pending • 25%
Approved without conditions • 25%
Approved with conditions • 25%
Rejected • 25%