Reported 15 days ago
Universal Music Group (UMG) asserted that billionaire Bill Ackman's Pershing Square is not entitled to demand that the record label become a U.S. company or delist from Euronext Amsterdam. In response to Ackman's proposal for a U.S. listing in light of recent events, UMG clarified that it would uphold its contractual obligations regarding a U.S. listing while any decisions would prioritize the interests of all shareholders.
Source: YAHOO