Brief: UMG: Bill Ackman Resigns From Its Board Of Directors
May 14 (Reuters) - Universal Music Group NV UMG.AS: UNIVERSAL MUSIC GROUP N.V. ANNOUNCES RESIGNATION OF BILL ACKMAN FROM ITS BOARD OF DIRECTORS RESIGNATION EFFECTIVE TODAY DUE TO NEW EXECUTIVE AND BOARD OBLIGATIONS ARISING FROM HIS RECENT INVESTMENTS Source text: ID:nPn8cXBvha Further company coverage: UMG.AS (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))
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Corrected: Universal Music buys back part of Ackman's Pershing stake after $64 billion bid fails