Howard Hughes Holdings has undervalued assets and growth potential. Click to find out if HHH is a good deal at current valuations and what the Pershing deal does for the stock.

Howard Hughes Holdings said Bill Ackman’s Pershing Square Capital Management will invest $900 million in the company, boosting its stake further and bringing Ackman back into the fold.

(Reuters) - Billionaire investor Bill Ackman's Pershing Square Capital Management will buy 9 million newly issued shares of real estate developer Howard Hughes Holdings for $900 million, the companies said on Monday. The agreement will increase Pershing's stake in Howard Hughes to 46.9% from 37.6% it currently owns, the companies said.