Ackman Pushes for Universal Music's U.S. Listing Amid Amsterdam Tensions
TL;DR Summary
Universal Music Group plans to move its primary stock exchange listing from the Netherlands to the United States by 2025, following antisemitic attacks in Amsterdam. Billionaire Bill Ackman, who holds significant influence over UMG, cited the company's undervaluation and limited liquidity as reasons for the move. Ackman also plans to relist his Pershing Square Holdings from Amsterdam to London. The decision comes after recent antisemitic incidents in Amsterdam, prompting a temporary ban on demonstrations.
- Universal Music Group will move to U.S. exchange in 2025, Ackman says CNBC
- Bill Ackman plans to pull his companies out of Amsterdam after antisemitic attacks CNN
- Universal Music Group Shuts Down Bill Ackman’s Request To Delist From Amsterdam Stock Exchange Forbes
- Billionaire Bill Ackman Calls on Universal Music to Move Its Listing to U.S. After Amsterdam Attacks, UMG Says He Does Not Have That Right Variety
- Bill Ackman Seeks to Remove Pershing Square’s Amsterdam Listing Bloomberg
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