Billionaire investor Bill Ackman’s Pershing Square said today it has offered to buy the remaining stake it does not already own in real estate developer Howard Hughes Holdings for $85 per share.

Pershing Square Capital Management LP proposed a deal to merge a newly formed subsidiary with Howard Hughes Holdings Inc. in an effort to build the real estate developer into a “modern-day ...

Pershing Square Capital Management has proposed a deal to merge a newly formed subsidiary with Howard Hughes Holdings, the latest step in Ackman’s pursuit of the real estate developer he used to ...