(HHH)

Ackman just submitted a revised proposal for Howard Hughes Holdings.

Bill Ackman is attempting to copy the conglomerate style and Berkshire Hathaway creation of Warren Buffett with a new buyout offer.

The hedge fund manager has a plan to take control of a unique business.

One billionaire investor plans to take this long-term focused real estate company and make it the next big conglomerate.

Howard Hughes Holdings, with a market capitalization of $3.6 billion, has not yet provided a comment on the offer, Reuters noted.

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Ackman already owns more than one-third of this real estate company but is interested in taking it private.