UMG says Pershing does not have right to require Amsterdam delisting
Briefly

Universal Music Group (UMG) firmly stated that Pershing Square, led by Bill Ackman, does not have the authority to mandate changes to its U.S. domicile status, asserting that any future decisions will be made considering the overall interests of its shareholders.
Regarding delisting from Euronext Amsterdam, UMG clarified that while it would adhere to contractual obligations related to a U.S. listing, such decisions would be made after comprehensive analysis, rather than at the behest of Pershing Square.
Read at Yahoo Finance
[
|
]