Universal Music Group declines Bill Ackman takeover proposal - Reuters

Universal Music Group declines Bill Ackman takeover proposal  Reuters

Universal rejects billionaire Bill Ackman's takeover bid

The music giant said Pershing Square's offer fundamentally undervalued the business.

Universal Music declines takeover offer from Bill Ackman’s Pershing Square

Hedge fund billionaire argued moving record company’s listing from Amsterdam to New York would unlock value

Bill Ackman’s $65 Billion Bid For Universal Music Rejected - Forbes

Bill Ackman’s $65 Billion Bid For Universal Music Rejected  Forbes

Universal Music Group Officially Rejects Bill Ackman’s $64 Billion Takeover Bid

The board of Universal Music Group has rejected an unsolicited $64 billion takeover offer from Bill Ackman’s Pershing Square Capital, the company announced on Friday. The move comes a day after key shareholder Vincent Bollore urged UMG to reject the offer. The “Board of Directors has unanimously determined that the unsolicited and non-binding proposal it […]

By Jem Aswad

Universal Music Group Rejects Bill Ackman’s $64B Takeover Proposal: “It Fundamentally and Materially Undervalues UMG”

UMG's board of directors said Friday the proposal "is not in the best interests of UMG, its shareholders, artists, songwriters, employees and other stakeholders."

By Ethan Millman

Universal Music Group declines Pershing Square offer

Universal Music Group’s Board Rejects Pershing Square Offer: ‘It Fundamentally Undervalues UMG’

UMG's board believes it has a "strong consensus" of investors behind its decision to reject Pershing's offer, following criticism of the bid aired by its largest shareholder, the head of Bolloré Group.

By Elizabeth Dilts Marshall