Bill Ackman’s Pershing Square bids to buy Universal Music Group in $64 . . . Pershing Square Capital Management has submitted a non-binding proposal to the board of directors of Universal Music Group N V to acquire all outstanding shares of the company through a business combination transaction, the investment firm announced on Tuesday (April 7) “UMG’s stock price has
Bill Ackmans Pershing Square Offers to Buy Universal Music Group Bill Ackman’s Pershing Square Capital Management unveiled a non-binding proposal to the board of directors of music giant Universal Music Group (UMG), the musical home of such stars as Taylor
Pershing Square Proposes $64. 4 Billion Premium Bid for Universal Music . . . Activist investment firm Pershing Square Capital Management has proposed a cash-and-stock acquisition of Universal Music Group (UMG) valued at approximately €55 8 billion (approximately $64 4 billion), representing a 78% premium to UMG's recent closing price