BUZZ-Howard Hughes jumps after Bill Ackman's 'letter proposal' on X.com

Reuters

01-13

BUZZ-Howard Hughes jumps after Bill Ackman's 'letter proposal' on X.com

** Shares of Howard Hughes HHH.N up 9.6% at $78.65 premarket

** Billionaire investor Bill Ackman says on X.com he has written a "letter proposal" to the real estate developer

** Ackman on Sunday asked HHH investors to "watch out for our amended HHH Schedule 13D that we will file with the @SECGov at 6am Eastern, tomorrow morning" in the social media post

** HHH stock up 15% since Ackman's Pershing Square Capital Management, already the biggest owner of Howard Hughes, said it was considering taking co private in August

** Howard Hughes is one of Pershing Square's longest-held investments and Ackman has been personally involved with the company for a decade and stepped off its board in April 2024

** Stock hit a four-month low on Friday, down about 18% from its 2-1/2 year high in November

(Reporting by Medha Singh)

((medha.singh@thomsonreuters.com))

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18:19</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-Howard Hughes jumps after Bill Ackman's 'letter proposal' on X.com</title></head><body><p>** Shares of Howard Hughes <span>HHH.N</span> up 9.6% at $78.65 premarket</p><p>** Billionaire investor Bill Ackman says on X.com he has written a \"letter proposal\" to the real estate developer</p><p>** Ackman on Sunday asked HHH investors to \"watch out for our amended HHH Schedule 13D that we will file with the @SECGov at 6am Eastern, tomorrow morning\" in the social media post</p><p>** HHH stock up 15% since Ackman's Pershing Square Capital Management, already the biggest owner of Howard Hughes, said it was considering <span>taking co private</span> in August</p><p>** Howard Hughes is one of Pershing Square's longest-held investments and Ackman has been personally involved with the company for a decade and stepped off its board in April 2024</p><p>** Stock hit a 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