Billionaire Bill Ackman Calls on Universal Music to Move Its Listing to U.S. After Amsterdam Attacks, UMG Says He Does Not Have That Right

Billionaire Bill Ackman said in a social media post on Friday that he will attempt to terminate the Amsterdam listings of Pershing Square Holdings and Universal Music Group and has a “contractual right” to move UMG’s listing to the United States, following attacks on Israeli soccer fans in the city — although the company posted a statement on Saturday disputing that claim.

UMG has been listed on the Euronext Amsterdam exchange since it went public in 2021; Pershing Square owns 10.25% of UMG’s stock.

“I am going to seek approval from the board of Pershing Square Holdings

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