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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 Tontine Assigns Universal Music Deal to William Ackman Funds

19/07/2021 7:59am

Dow Jones News


Pershing Square (EU:PSH)
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From Jul 2019 to Jul 2024

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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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