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Bill Ackman Sells Universal Music Stock After Failed Takeover Bid
Bill Ackman is selling $290.5 million in stock back to Universal Music Group after his takeover offer was rejected. This move marks the end of his attempt to acquire the company.
4 Jun, 17:14 — 4 Jun, 18:46
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Low (19/100)2 sources— more sources would strengthen this score15/33
Spectrum spread— 1/5 buckets covered0/33
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varietyYahoo
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YahooMostly Factual2d ago
Bill Ackman Walks Away From Universal Music After Takeover Defeat
Read full article →varietyMostly Factual2d ago
Bill Ackman to Sell $290.5 Million in Stock Back to Universal Music After Rejected Takeover Offer
Fresh off of rejecting a takeover proposal from capital fund Pershing Square, Universal Music has announced it is repurchasing a sizable portion of its stock back from the company founded and operated by billionaire investor Bill Ackman. The world’s largest record company will repurchase over 14.2 million shares from Pershing, worth about $290.5 million (€250 […]
By Steven J. Horowitz
Read full article →Coverage Timeline
First report: Yahoo · 4 Jun, 17:14|Full coverage: 2 · 2h|Window: 2h
