The Howard Hughes Corporation $320 Million Secondary Offering


Cadwalader is representing The Howard Hughes Corporation (NYSE: HHC) in connection with an underwritten public secondary offering of 2,500,000 shares by Pershing Square Holdings, Ltd. and Pershing Square, L.P. for aggregate proceeds of approximately $320 million.

JPMorgan, BofA Merrill Lynch and Jefferies are acting as underwriters for the offering.

The Howard Hughes Corporation develops and operates master planned communities, and mixed-use and other real estate properties in the United States. The company, led by David R. Weinreb, Grant Herlitz, David R. O’Reilly, Christopher J. Curry and Saul Adam Scherl, is based in Dallas.

The Cadwalader team is led by Corporate Group co-chair Richard Brand (Picture), Corporate partner Braden McCurrach and Corporate senior attorney Matthew Sadofsky and includes Corporate associates Mattan Erder and Victoria Saunders as well as Tax partner Edward Wei.

Involved fees earner: Richard Brand – Cadwalader Wickersham & Taft; Braden McCurrach – Cadwalader Wickersham & Taft; Matthew Sadofsky – Cadwalader Wickersham & Taft; Mattan Erder – Cadwalader Wickersham & Taft; Victoria Saunders – Cadwalader Wickersham & Taft; Edward Wei – Cadwalader Wickersham & Taft;

Law Firms: Cadwalader Wickersham & Taft;

Clients: Howard Hughes Corporation;

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Author: Ambrogio Visconti