Bill Ackman recently made his third offer to take a greater ownership stake in real estate developer Howard Hughes Holdings (HHH -0.13%) with the goal of turning the company into a "modern-day Berkshire Hathaway." In this video, I'll discuss the final terms of the deal and what investors need to know.

*Stock prices used were the morning prices of May 15, 2025. The video was published on May 16, 2025.