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Howard Hughes Holdings Inc. (HHH) and Pershing Square Capital Management, L.P. said Monday that Pershing Square will invest $900 million to acquire 9,000,000 newly issued shares of HHH. Pershing Square’s investment will enable HHH to become a diversified holding company by acquiring controlling stakes in public and private operating companies while continuing to invest in and grow its core real estate development and Master Planned Communities business.