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Bill Ackman’s Pershing Square To De-List From Amsterdam Stock Exchange × Skip to main content Billboard Market Watch Music Industry Events Calendar Pro Charts LOGIN Login Click to Expand Search Input Account Manage Account Log Out Account Open menu Search Click to Expand Search Input Billboard Billboard Search Click to Expand Search Input LOGIN Login Account Manage Account Log Out Account Search Click to Expand Search Input Market Watch Music Industry Events Calendar Pro Charts Open menu Search Click to Expand Search Input Billboard Billboard Search Click to Expand Search Input LOGIN Login Account Manage Account Log Out Account Search Click to Expand Search Input Market Watch Music Industry Events Calendar Pro Charts Trending Topics ► Top Industry Stories of 2024 Top Business Managers Legal and Trial News Bill Ackman’s Pershing Square Fund To De-List From Amsterdam … Merlin CEO Jeremy Sirota’s New Year’s Memo to Staff Touts Ne … Lauren Davis Promoted to Associate Chair of NYU’s Clive Davi … Business News 01/2/2025 Share on Facebook Share on X Share to Flipboard Share on Pinterest + additional share options added Share on Reddit Share on LinkedIn Share on Whats App Send an Email Print this article Post a Comment Share on Tumblr Bill Ackman’s Pershing Square Fund To De-List From Amsterdam Stock Exchange The fund majority owned by billionaire investor Bill Ackman is set to leave the Netherlands, a move Ackman wants Universal Music Group to make, as well. By Elizabeth Dilts Marshall Elizabeth Dilts Marshall More Stories by Elizabeth Kaash Paige & More New Recording Academy Members on Why They Joined — And What Matters To Them Concord adquiere el catálogo de Daddy Yankee por 217 millones de dólares UMG CEO Lucian Grainge’s $128M 2023 Pay Package Approved by Shareholders View All Share on Facebook Share on X Share to Flipboard Share on Pinterest + additional share options added Share on Reddit Share on LinkedIn Share on Whats App Send an Email Print this article Post a Comment Share on Tumblr Bill Ackman speaks at The 2024 Pershing Square Foundation Prize Dinner at the Park Avenue Armory at the Park Avenue Armory on June 17, 2024 in New York City. Jared Siskin/Patrick McMullan/Getty Images Billionaire hedge fund investor and Universal Music Group director Bill Ackman is a step closer to de-listing his Pershing Square Holdings from the Euronext Amsterdam exchange, a move that Ackman — whose Pershing Square company has owned around 10% of stock in the Universal Music Group since 2021 — has advocated for UMG to do, too. Related Bill Ackman Calls On Universal Music Group to Move Listing to U.S. 11/08/2024 The Euronext Amsterdam approved a plan for Pershing Square Holdings to de-list, with the closed-end fund’s last day of trading to be Jan. 30. The investment vehicle will consolidate trading of its shares on the London Stock Exchange, where it was co-listed in 2017 and where the majority of its trading happens. Ackman and his family own more than 20% of the fund, and in November he advocated for moving the fund and UMG’s listing from the main Netherlands’ stock exchange after fans of an Israeli soccer team were attacked in early November in Amsterdam. Trending on Billboard UMG said at the time that it will review and decide what is in the best interests of all shareholders. In a separate announcement on Thursday, Pershing Square said it distributed around 47 million shares of Universal Music Group stock, or roughly 2.6% of its overall stake, to investors as part of a planned wind-down of one of the funds Pershing Square initially used to purchase UMG shares from Vivendi in September 2021. Related The Top 10 Billionaire Backers of Music Companies 12/12/2024 Pershing Square, which managed the closed-end fund called PSVII, said it decided to distribute, rather than cash out, the UMG stock “because we believe that UMG stock is substantially undervalued at its current share price, and the tax-free stock distribution enables our limited partners to continue to own UMG shares.” Pershing Square continues to own around 140 million shares, equal to a 7.6% stake in UMG, through its core funds — Pershing Square Holdings, Ltd., Pershing Square, L.P. and Pershing Square International, Ltd. — Bill Ackman, Pershing Square employees and other affiliates, according to a company statement. UMG is still Pershing Square’s largest single holding. As of Dec. 31, Pershing Square said UMG has had a total return of “46% including dividends over the approximately three-and-one-quarter-year life of the investment.” The company said that is better than “the S&P 500’s 37% return and the Amsterdam Exchange Index’s return of 21% over the same period.” Daily newsletters straight to your inbox Sign Up Read More About Bill Ackman pershing square holdings universal music group More From Pro Business News Bill Ackman’s Pershing Square Fund To De-List From Amsterdam Stock Exchange By Elizabeth Dilts Marshall 7 mins ago Record Labels Merlin CEO Jeremy Sirota’s New Year’s Memo to Staff Touts New AI Pilot Program, 2024 Wins & More By Chris Eggertsen 2 hrs ago Business News Lauren Davis Promoted to Associate Chair of NYU’s Clive Davis Institute By Marc Schneider 3 hrs ago Legal News Jingle Punks & Audio Up Founder Jared Gutstadt Sued for Sexual Assault By Chris Eggertsen 2 days ago Touring Inside Luis Miguel’s Record-Breaking Tour With Fenix Entertainment Owner Marcelo Figoli By Leila Cobo 2 days ago See All News Icon Link PMC Logo Most Popular Where to Stream ‘Wicked’ Online Dwight Howard Responds To Fans Warning Fiancée Amy Luciani About His Past: “Move Along” Unauthorized Sports Streaming Sites Closed After Crackdown Why Blue Ivy’s Christmas Day Performance With Mom Beyoncé Was a Major ‘Steppingstone’ in Her Career You May Also Like Loading… Noah Centineo Is “Not a Hero” in ‘The Recruit’ Season 2 Trailer — But He’s Definitely Trying to Be 5 hrs ago Cordae Finally Explains YBN Disband: “There Are Some Things That Can’t Be Undone” 5 hrs ago Sir Fraser Stoddart, Noble Panacea Founder, Dies at 82 4 hrs ago Jordan’s Jock Juice Lands Jeter and Serena, but Is Tequila Craze Cooked? 8 months ago ISIS Connection and Video Recordings: Details Emerge About Suspect in New Orleans Terror Attack 2 hrs ago Customer Service Billboard About Us Accessibility Advertise Shop Events Careers Contact Us Legal Privacy Policy Terms of Use California Privacy Rights Ad Choices Reprints & Permissions Privacy Preferences Your Privacy Choices Sitemap Charts Music Culture Media Pro Follow Us Follow Billboard on Facebook Follow Billboard on Instagram Follow Billboard on Pinterest Follow Billboard on X Follow Billboard on YouTube Have a Tip? 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