Howard Hughes Extends Standstill Agreement with Pershing Square to April 15, 2025
Howard Hughes Holdings (NYSE: HHH) announced the extension of its standstill agreement with Pershing Square Capital Management until April 15, 2025. The company has engaged Morgan Stanley & Co. as financial advisor to the Special Committee of the Board of Directors, while Hogan Lovells US LLP and Richards, Layton & Finger, P.A. are serving as legal counsel. HHH stated it will not provide additional comments until further disclosure is deemed appropriate or legally required.
Howard Hughes Holdings (NYSE: HHH) ha annunciato l'estensione del suo accordo di standstill con Pershing Square Capital Management fino al 15 aprile 2025. L'azienda ha incaricato Morgan Stanley & Co. come consulente finanziario per il Comitato Speciale del Consiglio di Amministrazione, mentre Hogan Lovells US LLP e Richards, Layton & Finger, P.A. stanno fungendo da consulenti legali. HHH ha dichiarato che non fornirà ulteriori commenti fino a quando non sarà ritenuto appropriato o legalmente necessario.
Howard Hughes Holdings (NYSE: HHH) anunció la extensión de su acuerdo de standstill con Pershing Square Capital Management hasta el 15 de abril de 2025. La compañía ha contratado a Morgan Stanley & Co. como asesor financiero para el Comité Especial de la Junta Directiva, mientras que Hogan Lovells US LLP y Richards, Layton & Finger, P.A. actúan como asesores legales. HHH declaró que no proporcionará comentarios adicionales hasta que se considere apropiado o legalmente necesario.
하워드 휴즈 홀딩스 (NYSE: HHH)는 퍼싱 스퀘어 캐피탈 매니지먼트와의 정지 계약을 2025년 4월 15일까지 연장한다고 발표했습니다. 이 회사는 이사회 특별위원회의 재정 고문으로 모건 스탠리 & 코.를 임명했으며, 호건 로벨스 US LLP와 리차드스, 레이턴 & 핑거, P.A.는 법률 자문을 제공하고 있습니다. HHH는 추가적인 의견을 제공하지 않을 것이라고 밝혔으며, 이는 추가 공개가 적절하거나 법적으로 요구될 때까지입니다.
Howard Hughes Holdings (NYSE: HHH) a annoncé l'extension de son accord de standstill avec Pershing Square Capital Management jusqu'au 15 avril 2025. La société a engagé Morgan Stanley & Co. en tant que conseiller financier pour le Comité spécial du Conseil d'administration, tandis que Hogan Lovells US LLP et Richards, Layton & Finger, P.A. assurent le conseil juridique. HHH a déclaré qu'il ne ferait pas de commentaires supplémentaires jusqu'à ce qu'une nouvelle divulgation soit jugée appropriée ou légalement requise.
Howard Hughes Holdings (NYSE: HHH) gab bekannt, dass die Standstill-Vereinbarung mit Pershing Square Capital Management bis zum 15. April 2025 verlängert wird. Das Unternehmen hat Morgan Stanley & Co. als Finanzberater für den Sonderausschuss des Vorstands engagiert, während Hogan Lovells US LLP und Richards, Layton & Finger, P.A. als rechtliche Berater fungieren. HHH erklärte, dass keine weiteren Kommentare abgegeben werden, bis eine weitere Offenlegung als angemessen oder gesetzlich erforderlich erachtet wird.
- None.
- None.
THE WOODLANDS, Texas, April 07, 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 15, 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
What is the new expiration date for HHH's standstill agreement with Pershing Square?
Who are the financial and legal advisors for Howard Hughes Holdings (HHH) in this agreement?
Will Howard Hughes Holdings (HHH) provide updates about discussions with Pershing Square?
Is there a guaranteed outcome from the discussions between HHH and Pershing Square?
