Bolloré Group Urges UMG Board to Reject Bill Ackman’s Purchase Bid: ‘The Price is Not There’
via reuters.com
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Cyrille Bolloré, CEO of the Bolloré Group, recommended that Universal Group’s management reject Bill Ackman’s bid to purchase UMG, according to Reuters. “We think the price is not there at all,” Bolloré said during the shareholders’ annual meeting. “He is not making an offer with his own money. It is our money, the company’s money.” […]