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Name | Symbol | Market | Type |
---|---|---|---|
Vivendi SE (PK) | USOTC:VIVHY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.115 | 1.69% | 6.93 | 6.82 | 6.94 | 7.00 | 6.75 | 7.00 | 138,793 | 22:00:02 |
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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