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),
Billionaire Bill Ackman made another offer in an attempt to take more control of Howard Hughes Holding, where his firm is already the largest shareholder.
Bill Ackman proposes to increase his stake in Howard Hughes to 48%. He wants to turn HHH into a modern-day Berkshire Hathaway.
Warren Buffett reaffirmed Greg Abel as his successor at Berkshire Hathaway, assuring shareholders of a smooth leadership transition.
Bill Ackman's Pershing Square proposed to acquire 10 million newly issued Howard Hughes shares at $90 a share — up from $85 a share.
The 94-year-old oracle of Omaha is still going strong, but says “it won’t be long” before someone picks up his mantle.