Howard Hughes Holdings Announces Closing of Vantage Group Holdings Acquisition

Howard Hughes Holdings (HHH) completed its $2.1 billion acquisition of Vantage Group Holdings, a specialty insurance and reinsurance company. The transaction marks HHH's transformation into a diversified holding company, with Pershing Square managing Vantage's investment portfolio on a fee-free basis. The deal was financed through HHH's cash and $1 billion in preferred stock issued to Pershing Square Holdings.