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 [...]
President Donald Trump’s announcement Wednesday that he would pause his sweeping, universal tariffs on almost all countries for 90 days sent shockwaves through the business world and the markets. Ch [...]