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.
Pershing Square's Ackman confirms sale of some of its UMG shares
Pershing Square CEO Bill Ackman confirmed on Thursday his firm had sold some of its shares in Universal Music Group (UMG). "We decided to sell a portion of our UMG position today," he wrote on X. "UMG was our largest position going into the day at more than around 27% of our capital.
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 ...
The hedge fund manager behind Pershing Square Capital Management is a former investor in Berkshire, and has been called the ...
Uber Technologies (NYSE: UBER) has left investors with a range of views. On the one hand, it has performed well in recent ...
The board of directors for the developer of master-planned communities called the $90-per-share offer from Pershing Square ...
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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,” ...
Because of his long-term track record, retail investors closely follow the moves of Bill Ackman. The billionaire hedge fund manager runs Pershing Square Capital Management, which managed $12.6 billion ...
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