Universal Music Repurchases Shares as Pershing Square Unwinds Stake
Universal Music Group repurchased approximately €250 million worth of shares from Bill Ackman's hedge fund, Pershing Square. The transaction involved the purchase of 14.16 million ordinary shares at a price of €17.66 each as part of Pershing Square unwinding its entire stake in Universal Music.
Topics: Pershing Square share repurchase Universal Music Group