Howard Hughes rejects Pershing Square's revised proposal; standstill until March 13 to explore alternatives

Howard Hughes Holdings Inc.

Special Committee responded to Pershing Square's Feb 13 Revised Proposal, calling it not acceptable in current form.
Standstill agreement with Pershing Square signed, effective through March 13, 2025, unless extended.
Morgan Stanley & Co. LLC advising Special Committee; Hogan Lovells and Richards Layton as legal counsel.
No assurance that discussions will result in any outcome; HHH will not comment further until appropriate.

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