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  "documentTitle": "Howard Hughes Holdings Inc. (HHH)",
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  "authorName": "William Ackman",
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      "text": "(1) All materials provided to and corresponding conversations with potential investors were limited to publicly available information.",
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      "text": "Despite Pershing Square's 13D filing in August 2024, which effectively put the company “in play,” no competing acquisition offers have emerged",
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      "text": "MPC business model is inherently best suited for permanent ownership, which presents challenges for private investors who require interim liquidity",
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      "text": "On behalf of Pershing Square, beginning September 2, 2024, Jefferies approached 284 investors(1)\n40 investors signed NDAs and were provided access to a virtual data room\n20 investors had Zoom or in-person meetings with Pershing Square\nConcluded four-month process with no formal indications of interest",
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      "text": "Lack of interest for potential HHH privatization transaction",
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      "text": "2019 strategic review process (advised by Centerview Partners) failed to attract any acquisition offers for parts or the whole of the company",
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