Bill Ackman to Sell Remainder of UMG Stock After Pershing Square’s Failed Acquisition Bid
via bloomberg.com
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Bill Ackman‘s Pershing Square Holdings is unloading the remainder of its shares in Universal Music Group (UMG) following its failed bid to acquire the music giant last week. According to documents obtained by Billboard, Pershing Square is selling all of its 80.6 million shares in UMG — representing a 4.70% stake in the music giant — […]