Bill Ackman’s Pershing Square to raise $1.4bn from sale of 2.7% stake in UMG (report)
Bill Ackman’s Pershing Square is set to raise $1.4 billion from the sale of “about a 2.7% stake” in Universal Music Group. That’s according to Bloomberg, which reported this afternoon (March 13) that it has seen terms of a deal that show “Pershing Square Holdings Ltd.
Universal Music Shares Fall After Ackman's Pershing Decides to Cut Stake
Shares in Universal Music Group fell after hedge fund manager Bill Ackman said his Pershing Square firm would reduce its stake in the world's largest music company. Shares traded 6.9% lower to 25.97 euros in early European trading, but have risen 5.1% in the year to date.
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News of Ackman's sale in Universal Music Group shares comes shortly after he announced he was hoping to emulate investing ...
Universal Music stock fell after hedge-fund billionaire Bill Ackman said Pershing Square is cutting its stake in the world’s largest record label. Shares in the label behind Taylor Swift (NL:UMG) were ...
Uber Technologies (NYSE: UBER) has left investors with a range of views. On the one hand, it has performed well in recent ...
Bill Ackman is one of the most closely followed ... The hedge fund's $14.8 billion portfolio is heavily concentrated in just a handful of companies with three accounting for 43% of its value.
The board deemed Pershing Square Capital’s acquisition proposal “not acceptable in its current form,” and both sides signed a ...
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