Universal Music Group Officially Rejects Bill Ackman’s $64 Billion Takeover Bid
Variety
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The board of Universal Music Group has rejected an unsolicited $64 billion takeover offer from Bill Ackman’s Pershing Square Capital, the company announced on Friday.
The move comes a day after key shareholder Vincent Bollore urged UMG to reject the offer.
The “Board of Directors has unanimously determined that the unsolicited and non-binding proposal it […]
Universal Music Rejects Buyout
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