Pershing Square’s non-binding proposal values UMG at €30.40 per share, a 78% premium to its last closing price. Ackman argues the world’s largest music label has been undervalued by structural factors, including the Bolloré Group’s 18% stake and the postponement of a US listing, that have nothing to do with its underlying business. Bill Ackman’s […]<br /> This story continues at The Next Web [...]
Pershing Square has taken a new position in Microsoft, with the size to be disclosed in a 13F filing later on Friday. The stock is down roughly 16% year-to-date. Bill Ackman has bought Microsoft. Pers [...]
Bill Ackman has spent close to $1 billion on philanthropy over two decades and concluded that capitalism is better at solving problems. “I’ve spent a fair amount of time on philanthropy, and it’ [...]
The governor of Maine, Janet Mills, has vetoed a bill that halts the construction of large data centers in the state until the fall of 2027. While the bill passed both houses of the Maine's legis [...]