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Published

Ackman’s Pershing Square requests UMG to move secondary listing to US

Summary by WTVB
(Reuters) – Universal Music Group said on Wednesday that billionaire Bill Ackman-led Pershing Square has exercised its right to request an offering and secondary listing of the record label in the United States. In November, Ackman said he would seek to relocate both his own investment firm Pershing Square and UMG – whose roster of stars includes Taylor Swift – away from Amsterdam, following attacks on Israeli soccer fans in the city. He has als…
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