A key problem is that the Howard Hughes board and the special committee evaluating the proposal may not want to turn the company into an Ackman-led mini Berkshire.

Among other trades, the hedge-fund manager sells a big-name consumer giant and buys into a real estate company.

Fast forward half a century, Bill Ackman, the billionaire hedge fund manager behind Pershing Square Capital Management, is looking to replicate Buffett’s success by creating a “modern-day Berkshire Hathaway.

Bill Ackman proposes to increase his stake in Howard Hughes to 48%. He wants to turn HHH into a modern-day Berkshire Hathaway.

Bill Ackman, head of hedge fund Pershing Square Capital Management, said he'll announce a transformational deal on Tuesday, akin to Warren Buffett gaining control of Berkshire Hathaway (BRK.B) (BRK.A),

The deal would give hedge-fund manager Bill Ackman’s firm a 48% stake in the company known for master-planned community developments.

Bill Ackman, the legendary billionaire hedge fund manager over at Pershing Square Capital Holdings, has a new position, and it’s caused quite the bullish crowd to come herding over. Undoubtedly, if Bill Ackman makes a move,

In a post prior to the announcement, Ackman likened his firm's move to the approach Warren Buffett has used with Berkshire ( BRK-A, BRK-B) in which Buffett turned a textile manufacturer into a holding company that owns stakes in many publicly traded equities including Apple ( AAPL) and Bank of America ( BAC ).

The move: Howard Hughes Holdings shares surged in the last hour of trading on Tuesday after the billionaire investor Bill ... Ackman likened Valeant to a "very early-stage Berkshire Hathaway."

American billionaire Bill Ackman’s Pershing Square Capital Management has proposed a $900 million bid to significantly boost its stake in

Among other trades, the hedge-fund manager sells a big-name consumer giant and buys into a real estate company.

Warren Buffett's $1 trillion investment group, Berkshire Hathaway, has a history of buying consumer stocks. One of Berkshire’s most famous consumer-focused investments is Coca-Cola (KO) , which ...