Howard Hughes, the legendary billionaire, aviation pioneer, and Hollywood icon, was as known for his extravagant lifestyle as for his accomplishments. Among his prized possessions was a 1931 ...

By Peter Hummers Hughes first became known as a film producer, and this was his most ambitious film. It almost killed him.

The deal would increase Pershing Square’s stake in Howard Hughes to somewhere between 61% and 69%, depending on how many investors agree to be bought out, from the 38% it currently holds.