Deadline… Bill Ackman’s Pershing Square has submitted a bid to buy Universal Music Group (UMG) in a cash and stock deal worth $64.4 billion. The proposed bid would see shareholders receive $10.85 billion in cash and 0.77 shares of stock in the new company …
Category: Bill Ackman
Variety… Bill Ackman’s Pershing Square Capital Management disclosed early Tuesday that a takeover bid for Universal Music Group has been submitted to UMG’s board. The offer includes about $10.9 billion in cash, plus additional stock consideration th…