Howard Hughes Holdings (HHH) said Wednesday that it further extended its previously announced standstill agreement with Pershing Square Capital Management until May 30.
The companies signed the standstill agreement in March to facilitate talks over potential alternatives to Pershing Square's proposed acquisition of additional stakes in Howard Hughes.
Howard Hughes said there is no guarantee that discussions with Pershing Square will lead to "any particular outcome."
Shares were down 2.5% in recent early trading.
Price: 66.03, Change: -1.68, Percent Change: -2.48
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