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.
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 ...
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This Battered Bill Ackman Stock Could Be on the Cusp of a Huge TurnaroundPershing Square Capital Holdings’ Bill Ackman is perhaps best known for concentrated investments in a handful of “wonderful,” ...
The hedge fund manager behind Pershing Square Capital Management is a former investor in Berkshire, and has been called the ...
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