UMG says Pershing does not have right to require Amsterdam delisting

Pershing Square Holdings

09/11/2024 18:01

Nov 9 (Reuters) - Record label Universal Music Group
 UMG.AS  said on Saturday that billionaire Bill Ackman's
Pershing Square  PSH.AS  does not have any right to require UMG
to become a U.S.-domiciled company or delist from Euronext
Amsterdam.
     Ackman on Friday said he would seek to delist investment
firm Pershing Square Holdings and move the record label from
Amsterdam, following attacks on Israeli soccer fans.

 (Reporting by Chandni Shah in Bengaluru; Editing by Andrew
Cawthorne)
 ((Chandni.shah@thomsonreuters.com;))