The shares were changing hands at roughly the same price as a year ago. Ackman, who served as chairman of Howard Hughes’s board from 2010 until his retirement last May, said in a letter to the company on Monday that long-term shareholders have been displeased with the stock performance and were interested in a potential transaction.
This story is from the January 14, 2025 edition of The Wall Street Journal.
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This story is from the January 14, 2025 edition of The Wall Street Journal.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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