The sale will end a tumultuous five-year relationship between Ackman and the world's largest music company.
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The sale will end a tumultuous five-year relationship between Ackman and the world's largest music company.
Bill Ackman to Sell $290.5 Million in Stock Back to Universal Music After Rejected Takeover Offer
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Bill Ackman is poised to sell $290.5 million in stock back to Universal Music Group after a rejected takeover offer.
The music ends after nearly five years.
Universal Music's board has rejected billionaire Bill Ackman's takeover proposal, arguing it "materially undervalues" the company
Bill Ackman plans to sell Pershing Square's 4.5% UMG stake after the music giant's board rejected his $64-65 billion takeover bid…
Bill Ackman's Pershing Square said Universal Music's stock price has "languished" due to a range of issues that can be addressed…
The offer “fundamentally and materially undervalues” the company, UMG’s board said.
