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Ackman's Pershing Square Proposes To Buy Universal Music

ReutersApr 7, 2026 6:10 AM

April 7 (Reuters) - Pershing Square Holdings Ltd PSHP.L:

PERSHING SQUARE ANNOUNCES PROPOSAL TO UNIVERSAL MUSIC GROUP N.V.
UMG SHAREHOLDERS WILL RECEIVE A TOTAL OF EUR 9.4 BILLION IN CASH
TOTAL CONSIDERATION PACKAGE OF CASH AND STOCK ESTIMATED TO BE WORTH EUR 30.40 PER SHARE
IN TRANSACTION, UMG WILL MERGE WITH PERSHING SQUARE SPARC HOLDINGS LISTED ON NEW YORK STOCK EXCHANGE

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