Bill Ackman's Pershing Square is offering to take over the rest of Howard Hughes Holdings that the investment firm does not own for $85 a share."While we are pleased with the substantial business progress Howard Hughes Holdings has made over the more than 14 years since it went public,

Pershing Square's potential majority stake could influence Howard Hughes' future, but risks remain. See my recommendation on HHH stock.

Pershing Square Capital Management LP has proposed a deal to merge one of its subsidiaries with real estate company Howard Hughes Holdings Inc., according to a letter to investors.