Brief: Ackman's Pershing Square Proposes To Buy Universal Music

Pershing Square Holdings

07/04/2026 07:10

April 7 (Reuters) - Pershing Square Holdings Ltd PSHP.L:

PERSHING SQUARE ANNOUNCES PROPOSAL TO UNIVERSAL MUSIC GROUP N.V.

UMG SHAREHOLDERS WILL RECEIVE A TOTAL OF EUR 9.4 BILLION IN CASH

TOTAL CONSIDERATION PACKAGE OF CASH AND STOCK ESTIMATED TO BE WORTH EUR 30.40 PER SHARE

IN TRANSACTION, UMG WILL MERGE WITH PERSHING SQUARE SPARC HOLDINGS LISTED ON NEW YORK STOCK EXCHANGE

Source text: ID:nBw7pr2xXa

Further company coverage: PSHP.L UMG.AS

 ((Reuters.Briefs@thomsonreuters.com;))