
Pershing Squareâs non-binding proposal values UMG at â¬30.40 per share, a 78% premium to its last closing price. Ackman argues the worldâs largest music label has been undervalued by structural factors, including the Bolloré Groupâs 18% stake and the postponement of a US listing, that have nothing to do with its underlying business. Bill Ackmanâs […]
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