Deals
Howard Hughes Exploring Options Including a Potential Sale
- Shares jump 37% as developer says is working with Centerview
- Company has six master-planned communities across the U.S.
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Real estate developer Howard Hughes Corp. said it’s working with advisers to explore strategic options including a potential sale of the company. The shares jumped.
Howard Hughes is working with Centerview Partners on the review, which may also result in a sale or spinoff of certain assets, a recapitalization or changes in corporate structure, according to a statement Thursday.