January 2, 2018 / 9:26 PM / 6 months ago

BRIEF-Pershing Square Holdings ‍Announces Proposed Sale Of All Of PSH's 2.1 Million Shares Of Common Stock In Howard Hughes Corp​

Jan 2 (Reuters) - Howard Hughes Corp:

* PERSHING SQUARE HOLDINGS LTD - ‍ANNOUNCES PROPOSED SALE OF ALL OF PSH’S 2.1 MILLION SHARES OF COMMON STOCK IN HOWARD HUGHES CORPORATION​

* PERSHING SQUARE HOLDINGS LTD - ‍PURSUING HHC SALE TO HELP FACILITATE POTENTIAL TENDER OFFER FOR PSH’S PUBLIC SHARES BY PSCM ACQUISITION CO LLC​

* PERSHING SQUARE HOLDINGS LTD - PERSHING SQUARE LP TO PARTICIPATE IN OFFERING BY SELLING 432,510 SHARES OF COMMON STOCK IN HHC​

* PERSHING SQUARE - ‍AFTER PROPOSED SALE, FUNDS MANAGED BY PERSHING SQUARE CAPITAL MANAGEMENT L.P. WILL BENEFICIALLY OWN 5.1% OF HHC COMMON STOCK​

* PERSHING SQUARE - ‍ AFTER PROPOSED SALE, FUNDS MANAGED BY PERSHING SQUARE CAPITAL MANAGEMENT TO RETAIN ADDITIONAL 12.5% ECONOMIC EXPOSURE TO HHC

* PERSHING SQUARE - ‍PSCM MANAGEMENT TEAM PROPOSES TO MAKE POTENTIAL TENDER FOR PSH PUBLIC SHARES BECAUSE IT WOULD LIKE TO INCREASE ITS INVESTMENT IN PSH

* PERSHING SQUARE HOLDINGS LTD - ‍ PSCM MANAGEMENT TEAM BELIEVES PSH IS “UNDERVALUED”​

* PERSHING SQUARE - PSCM ACQUISITION CO’S POTENTIAL TENDER ANTICIPATED BE FOR UP TO $300 MILLION IN VALUE OF PSH’S PUBLIC SHARES​

* PERSHING SQUARE HOLDINGS LTD - ‍PSCM MANAGEMENT TEAM WILL FINANCE POTENTIAL TENDER THROUGH AVAILABLE CASH AND COMMITTED FINANCING​ Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below