Bill Ackman eyes ‘next Berkshire Hathaway' with $1B offer for real estate giant Howard Hughes
1. Bill Ackman plans to invest $1 billion in Howard Hughes Holdings. 2. Pershing Square intends to take HHC private and replicate Berkshire Hathaway model. 3. Shares rose 10% after news of the buyout offer at $85 per share. 4. Ackman aims to boost stock performance, citing past disappointments. 5. He may involve a consortium for the buyout and plans to be CEO.