NEW YORK, May 30 — Entertainment giant Universal Music Group (UMG) on Friday rejected an investment and restructuring proposal from US hedge fund Pershing Square put forward in...

Rund 56 Milliarden Dollar bietet Bill Ackmans Hedgefonds Pershing Square für den Musikkonzern Universal Music Group. Das entspricht einem Aufschlag von 78 Prozent gegenüber Anfang…

The offer “fundamentally and materially undervalues” the company, UMG’s board said.