Pershing Square Has a History of Investor Activism– But Can It Compel Universal Music to Leave the Netherlands?
The Euronext Amsterdam structure. Image Credit: BootuitjesBillionaire business owner Bill Ackman's Pershing Square has a long history of financier advocacy-- however can it oblige Universal Music Group to leave the Euronext Amsterdam? As things stand, the significant label appears to preserve that the response is "no." We formerly checked out the complex circumstance at length, consisting of information referring to Pershing Square's UMG ownership (which presently sits at 10.25% and, for a time years back, was anticipated to include a SPAC play), the push for a pivot from the Euronext Amsterdam, and UMG's action."Pershing deserves to ask for a listing in the United States topic to a Pershing entity selling a minimum of $500 million in UMG shares as part of the listing," Universal Music def...