Howard Hughes Extends Standstill Agreement with Pershing Square to April 30, 2025
Howard Hughes Holdings (NYSE: HHH) has announced an extension of its standstill agreement with Pershing Square Capital Management until April 30, 2025. The company has stated that no specific outcome is guaranteed from ongoing discussions with Pershing Square. Morgan Stanley & Co. is serving as financial advisor to the Special Committee of the Board of Directors, while Hogan Lovells US LLP and Richards, Layton & Finger, P.A. are acting as legal counsel.
Howard Hughes Holdings (NYSE: HHH) ha annunciato un'estensione del suo accordo di standstill con Pershing Square Capital Management fino al 30 aprile 2025. La società ha dichiarato che non è garantito alcun risultato specifico dalle trattative in corso con Pershing Square. Morgan Stanley & Co. agisce come consulente finanziario del Comitato Speciale del Consiglio di Amministrazione, mentre Hogan Lovells US LLP e Richards, Layton & Finger, P.A. svolgono il ruolo di consulenti legali.
Howard Hughes Holdings (NYSE: HHH) ha anunciado una extensión de su acuerdo de standstill con Pershing Square Capital Management hasta el 30 de abril de 2025. La compañía ha declarado que no se garantiza ningún resultado específico de las conversaciones en curso con Pershing Square. Morgan Stanley & Co. actúa como asesor financiero del Comité Especial de la Junta Directiva, mientras que Hogan Lovells US LLP y Richards, Layton & Finger, P.A. desempeñan el papel de asesores legales.
Howard Hughes Holdings (NYSE: HHH)는 Pershing Square Capital Management와의 스탠드스틸 계약을 2025년 4월 30일까지 연장했다고 발표했습니다. 회사는 Pershing Square와 진행 중인 논의에서 특정 결과가 보장되지 않는다고 밝혔습니다. Morgan Stanley & Co.는 이사회 특별 위원회의 재무 자문을 맡고 있으며, Hogan Lovells US LLP와 Richards, Layton & Finger, P.A.는 법률 자문 역할을 수행하고 있습니다.
Howard Hughes Holdings (NYSE : HHH) a annoncé la prolongation de son accord de standstill avec Pershing Square Capital Management jusqu'au 30 avril 2025. La société a précisé qu'aucun résultat spécifique n'était garanti à l'issue des discussions en cours avec Pershing Square. Morgan Stanley & Co. agit en tant que conseiller financier du comité spécial du conseil d'administration, tandis que Hogan Lovells US LLP et Richards, Layton & Finger, P.A. interviennent en qualité de conseillers juridiques.
Howard Hughes Holdings (NYSE: HHH) hat eine Verlängerung seiner Standstill-Vereinbarung mit Pershing Square Capital Management bis zum 30. April 2025 bekannt gegeben. Das Unternehmen erklärte, dass aus den laufenden Gesprächen mit Pershing Square kein konkretes Ergebnis garantiert werden kann. Morgan Stanley & Co. fungiert als Finanzberater des Sonderausschusses des Vorstands, während Hogan Lovells US LLP und Richards, Layton & Finger, P.A. als Rechtsberater tätig sind.
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THE WOODLANDS, Texas, April 14, 2025 (GLOBE NEWSWIRE) -- Howard Hughes Holdings Inc. (NYSE: HHH) (the “Company” or “HHH”) today further extended its previously announced standstill agreement with Pershing Square Capital Management L.P. (“Pershing Square”). The standstill agreement will now remain in effect until April 30, 2025, unless further extended.
There can be no assurance that discussions with Pershing Square will result in any particular outcome, and HHH does not intend to comment further on these matters until HHH determines that additional disclosure is appropriate or required by law.
Morgan Stanley & Co. LLC is acting as financial advisor to the Special Committee of the Board of Directors, and Hogan Lovells US LLP and Richards, Layton & Finger, P.A. are acting as legal counsel.
About Howard Hughes Holdings Inc.
Howard Hughes Holdings Inc. owns, manages, and develops commercial, residential, and mixed-use real estate throughout the U.S. Its award-winning assets include the country’s preeminent portfolio of master planned communities, as well as operating properties and development opportunities including Downtown Columbia® in Maryland; The Woodlands®, Bridgeland® and The Woodlands Hills® in the Greater Houston, Texas area; Summerlin® in Las Vegas; Ward Village® in Honolulu, Hawaiʻi; and Teravalis™ in the Greater Phoenix, Arizona area. The Howard Hughes portfolio is strategically positioned to meet and accelerate development based on market demand, resulting in one of the strongest real estate platforms in the country. Dedicated to innovative placemaking, the company is recognized for its ongoing commitment to design excellence and to the cultural life of its communities. Howard Hughes Holdings Inc. is traded on the New York Stock Exchange as HHH. For additional information visit www.howardhughes.com.
Safe Harbor Statement
Statements made in this press release that are not historical facts, including statements accompanied by words such as “will,” “believe,” “expect,” “enables,” “realize,” “plan,” “intend,” “assume,” “transform” and other words of similar expression, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s expectations, estimates, assumptions, and projections as of the date of this release and are not guarantees of future performance. Actual results may differ materially from those expressed or implied in these statements. Factors that could cause actual results to differ materially are set forth as risk factors in Howard Hughes Holdings Inc.’s filings with the Securities and Exchange Commission, including its Quarterly and Annual Reports. Howard Hughes Holdings Inc. cautions you not to place undue reliance on the forward-looking statements contained in this release. Howard Hughes Holdings Inc. does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release.
Contacts:
Media Relations
Andrew Siegel / Lyle Weston
Joele Frank
212-355-4449
Investor Relations
Eric Holcomb, 281-475-2144
Senior Vice President, Investor Relations
eric.holcomb@howardhughes.com
FAQ
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