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PSCM Extends Term Of Standstill Agreement With Howard Hughes Holdings To Facilitate Ongoing Discussions On Previous Proposal By Pershing Square And Potential Alternatives

Benzinga·04/30/2025 12:38:38
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Pershing Square Holdco, L.P. ("Pershing Square"), the parent holding company of Pershing Square Capital Management, L.P. ("PSCM"), today announced that PSCM has further extended the term of its standstill agreement with Howard Hughes Holdings Inc. (NYSE:HHH) ("HHH") to facilitate ongoing discussions regarding the proposal previously announced by Pershing Square on February 18, 2025 and potential alternatives. On April 29, 2025, the term of the standstill agreement was extended from 5:00 p.m. (Eastern Time) on April 30, 2025 to 5:00 p.m. (Eastern Time) on May 30, 2025.