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flag Pershing Square, led by Bill Ackman, offers to buy the remaining 62% of Howard Hughes at $85 per share.

flag Bill Ackman's investment firm, Pershing Square, which owns 38% of real estate company Howard Hughes, has offered to buy the rest of the company for $85 per share. flag Ackman expressed dissatisfaction with Howard Hughes' stock performance but praised its management, stating no changes to the company's strategy or staff are planned. flag Following the announcement, Howard Hughes' share price rose 11% to $79.67.

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