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Universal Music set for takeover by Bill Ackman's Pershing Square

Apr 07, 2026 06:21 UTC

Bill Ackman's Pershing Square said Universal Music's stock price has "languished" due to a range of issues that can be addressed with the merger..

  • In this article Activist investorPershing Squaresaid Tuesday it is planning to buyUniversal Music Groupin a cash and stock deal worth about 55
  • 8 billion euros ($64
  • 4 billion)

In this article Activist investorPershing Squaresaid Tuesday it is planning to buyUniversal Music Groupin a cash and stock deal worth about 55.8 billion euros ($64.4 billion). Under the terms of the proposal, shareholders would receive a total of 9.4 billion euros ($10.85 billion) in cash and 0.77 shares of new stock for each share of UMG held. That amounts to a total deal value of 30.4 euros per share, a 78% premium to UMG's closing share price on April 2, Pershing said in a Tuesday statement. UMG shares were last trading 13% higher, having fallen 23% so far this year. "Since UMG's listing, S

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