Bill Ackman's Proposal to Howard Hughes - The Special Situations Report Episode #2

Editor’s Notes:

Asif mistakenly mentioned that Citigroup’s stock has almost doubled over the last year. It is “only” up more than 50% over the last year.

Tamanna mentioned that the H&E Equipment Services deal is expected to close by January 28, 2025. The tender offer is expected to commence on January 28, 2025 and the deal is expected to close by the end of Q1 2025.

Summary:

In the second episode of the Special Situations Report, hosts Asif and Tamanna Suria discuss the latest event-driven activities, including significant M&A deals, insider buying trends, and notable C-suite transitions. They delve into Bill Ackman's interest in Howard Hughes, the potential acquisition of TikTok, and the impact of special dividends and buybacks on shareholder value. The episode wraps up with insights on IAC's spin-off and leadership changes, providing a comprehensive overview of the current special situations landscape.

Keywords:

M&A, insider buying, special situations, Bill Ackman, Howard Hughes, TikTok, C-suite transitions, dividends, buybacks, share repurchases, IAC, spinoffs