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UMG shares jump 10%+ following Pershing Square's €56B offer, which is a 78% premium to their April 2 close; UMG is down nearly a third since its 2021 listing (Mateusz Rabiega/Reuters)

Mediagazer · last updated

Mateusz Rabiega / Reuters:
UMG shares jump 10%+ following Pershing Square’s €56B offer, which is a 78% premium to their April 2 close; UMG is down nearly a third since its 2021 listing  —  Bill Ackman’s Pershing Square (PSHP.L) proposed a deal on Tuesday to merge Universal Music Group (UMG.AS) …

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