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PSH Pershing Square Holdings Ltd

48.65
-0.65 (-1.32%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Pershing Square Holdings Ltd EU:PSH Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.65 -1.32% 48.65 47.85 48.80 49.90 48.00 49.30 73,353 16:40:00

Pershing Square Takes 7.1% Stake in Universal Music Group

10/08/2021 8:16pm

Dow Jones News


Pershing Square (EU:PSH)
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By Kimberly Chin

 

Pershing Square Holdings Ltd. and its affiliates acquired a 7.1% stake in Universal Music Group from Vivendi SE for about $2.8 billion in cash, the company said Tuesday.

Pershing and its affiliates acquired about 128.6 million shares at $21.78 apiece. This would give UMG an equity value of about 33 billion euros ($38.7 billion), the company said.

The hedge fund and its affiliates will be able to buy up to an additional 2.9% in UMG's shares at the same share price by Sept. 9, Pershing said.

 

Write to Kimberly Chin at kimberly.chin@wsj.com

 

(END) Dow Jones Newswires

August 10, 2021 15:10 ET (19:10 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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