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Howard Hughes buys back common shares

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Howard Hughes buys back common shares

Howard Hughes Corp. bought back 475,920 shares of its common stock, par value 1 cent per share, at a purchase price of $120.33 per share, translating to a total of roughly $57.3 million.

The repurchase deal was carried out privately with an unaffiliated entity Feb. 21 and was funded with cash on hand.