Pershing Square’s Universal Music Group Bid: What You Need to Know
Following billionaire hedge fund investor Bill Ackman and his Pershing Square company’s announcement of a non-binding offer to buy Universal Music Group (UMG) on Tuesday (April 7), Ackman and other Pershing executives held a call to address analysts’ and shareholders’ questions. The bid — an effort to revive UMG’s lagging stock price — involves a […]
