Ackman's Pershing Square proposes to buy Universal Music

Pershing Square Holdings

07/04/2026 07:05

April 7 (Reuters) - Bill Ackman's Pershing Square PSHP.L said on Tuesday it proposed to buy Universal Music Group UMG.AS in a cash-and-stock deal to be worth 30.40 euros ($35.05) per share.

($1 = 0.8674 euros)

 (Reporting by Gnaneshwar Rajan in Bengaluru; Editing by Sonia Cheema)

 ((Gnaneshwar.Rajan@thomsonreuters.com;))