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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
  -0.25 -0.69% 35.85 35.00 39.90 36.60 35.20 36.00 64,495 16:40:00

Pershing Square Tontine Assigns Universal Music Deal to William Ackman Funds

19/07/2021 7:59am

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   By Adria Calatayud 
 

Pershing Square Tontine Holdings Ltd. said Monday that it has decided not to proceed with its proposed acquisition of a 10% stake in Universal Music Group and will assign its share-purchase deal to Pershing Square Holdings Ltd.

Vivendi SE said it has approved Pershing Square Tontine's request to assign its rights and obligations under a June 20 agreement to investment funds with significant economic interests or management positions held by William Ackman.

On June 20, Pershing Square Tontine agreed to acquire 10% of the ordinary shares of UMG in a deal valuing the world's largest music company at about $40 billion.

 

Write to Adria Calatayud at adria.calatayud@dowjones.com

 

(END) Dow Jones Newswires

July 19, 2021 02:55 ET (06:55 GMT)

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

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