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 as fundamentally

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 as fundamentally

The sale will end a tumultuous five-year relationship between Ackman and the world's largest music company.

Bill Ackman's Pershing Square will sell the rest of its UMG shares after the hedge fund investor's failed acquisition bid for the music giant.

Collocati oltre 80 mln di titoli. La major discografica ha riacquistato sul mercato una parte del pacchetto azionario

Pershing Square Capital Management ha vendido la totalidad de su participaci�n del 4,7% en Universal Music Group (UMG), despu�s de que la direcci�n de la discogr�fica rechazase...

The music ends after nearly five years.

Universal Music Group purchased some of Bill Ackman's Pershing Square shares in the company after rejecting his bid to take control of the company.

Bill Ackman is poised to sell $290.5 million in stock back to Universal Music Group after a rejected takeover offer.

<p>Bill Ackman esce definitivamente da Universal Music Group dopo il fallimento del tentativo di acquisizione lanciato nei mesi scorsi. Il suo hedge fund, Pershing Square, ha…