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Pershing Square has distributed about 47 million shares in Universal Music Group (UMG), leaving its own stake at approximately 140 million shares. Pershing Square Capital Management formally announced the move today, three years and change after first purchasing a piece of Universal Music from Vivendi. In connection with that initial investment…
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Pershing Square Completes 2.6% UMG Stock Distribution, Says the Major Label ‘Will Remain An Attractive Long-Term Investment’
Tama Pingree
15:21
Pershing Square has distributed about 47 million shares in Universal Music Group (UMG), leaving its own stake at approximately 140 million shares. Pershing Square Capital Management formally announced the move today, three years and change after first purchasing a piece of Universal Music from Vivendi. In connection with that initial investment…
