Warren Buffett’s Berkshire Hathaway (BRKWAWAY (BRK.A) is one of the most important companies in the world today, treating more than $ 1 trillion in investment in all industries. Few knows that investment Howerhouse was a magnificent cloth company before the buffett received in 1962. Then the Hedge Send Manager, Berdge Sedres, Bergshire Haskhire, until it closed the plants and put employees. He bought many shares, gave the most needed capital, and converted it into a variety of company.
High a half years old, Bill Ackman, Billionaineaire Hedge Fund Manager After Discounts, wants to repeat the Success Success by creating “modern Berperhire Hathaway.” He offers $ 900 million to buy the Texas-based Real-based stocks at State Estate Firm called Howard Hughes Holdings, which form a large residential site in the formal (MPC). Titan in its space, Howard Hughes has a $ 3.6 billion cap.
“Better is much better than a mortal company,” Ackman said on X Post yesterday (Feb. 18). “Having small and growing MPs [master-planned communities] That eventually will be large cities in the best market of the Pro business in the country is a big time business. “
Ackman created a student of Warren Buffett, saying that he was inspired to become a 24-year-old investor after reading the Berkhire Hathaway Asherholder book.
Perhing Square offers to buy 10,000,000 ordinary shares of Howard Hughes for $ 90 for each assignment, such as the company issuing. Perhing square has already had 31 percent of the company. Ackman served as the Chair of Howard Hughes from 2010 to April last year.
For Howard Hughes, Akman said in the programs’ to apply the same, long-term, stacks of Berkshire “and” intend to hold stock forever. “
Buffett’s faculty on the purchase of a dying cloth Unlike Berkshire Hathaway, which was not your own cloth, Ackman said Howard Hughes would continue to develop MPCs in Texas. But also planning to use a portfolio of the premises to guide solid cash flow to solid investment, for a long time.
