Ackman’s Pershing to Raise $1.4 Billion in UMG Stake Sale
(Bloomberg) — A group of Universal Music Group NV shareholders affiliated with billionaire Bill Ackman’s hedge fund Pershing Square is set to raise about €1.3 billion ($1.4 billion) from the sale of about a 2.7% stake in the world’s largest music company. Pershing Square Holdings Ltd., Pershing Square LP and Pershing Square International Ltd. are … Read more