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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