Billionaire Bill Ackman Pours $900,000,000 Into NYSE-Listed Firm in Push To Follow Warren Buffett’s Footsteps
Billionaire Bill Ackman’s hedge fund, Pershing Square, has spent nearly $1 billion to accumulate shares of one real estate development firm. Perishing Square has poured $900 million into buying 9 million shares of Howard Hughes Holdings (HHH). Ackman’s fund paid a premium of 48% compared to HHH’s cl...