UMG: Pershing Lacks Authority to Demand Amsterdam Delisting

Universal Music Group (UMG), one of the leading music entertainment companies globally, has recently responded to claims made by billionaire investor Bill Ackman, founder of Pershing Square Capital Management. Ackman, who holds approximately 10% of UMG shares, suggested in a social media post that he would push for UMG to relocate its listing and headquarters...