{"id":123551,"date":"2025-01-02T12:11:30","date_gmt":"2025-01-02T17:11:30","guid":{"rendered":"https:\/\/www.cyberlego.com\/web\/2025\/01\/02\/bill-ackmans-pershing-square-fund-to-de-list-from-amsterdam-stock-exchange-2\/"},"modified":"2025-01-02T12:11:30","modified_gmt":"2025-01-02T17:11:30","slug":"bill-ackmans-pershing-square-fund-to-de-list-from-amsterdam-stock-exchange-2","status":"publish","type":"post","link":"https:\/\/www.cyberlego.com\/web\/2025\/01\/02\/bill-ackmans-pershing-square-fund-to-de-list-from-amsterdam-stock-exchange-2\/","title":{"rendered":"Bill Ackman\u2019s Pershing Square Fund To De-List From Amsterdam Stock\u00a0Exchange"},"content":{"rendered":"

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\n\tBillionaire hedge fund investor and Universal Music Group director Bill Ackman<\/strong> is a step closer to de-listing his Pershing Square Holdings from the Euronext Amsterdam exchange, a move that Ackman \u2014 whose Pershing Square company has owned around 10% of stock in the Universal Music Group since 2021 \u2014 has advocated for UMG to do, too.<\/p>\n

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\t\t\t\t\t\t\"Bill<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

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\t\t\t\t\tBill Ackman Calls On Universal Music Group to Move Listing to\u00a0U.S.\t\t<\/p>\n<\/h3><\/div>\n

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\n\tThe Euronext Amsterdam approved a plan for Pershing Square Holdings to de-list, with the closed-end fund\u2019s 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.<\/p>\n

\n\tAckman and his family own more than 20% of the fund, and in November he advocated for moving the fund and UMG\u2019s listing <\/a>from the main Netherlands\u2019 stock exchange after fans of an Israeli soccer team were attacked in early November in Amsterdam.<\/p>\n

\n\tUMG said at the time that it will review and decide what is in the best interests of all shareholders. <\/p>\n

\n\tIn 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.<\/p>\n

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\t\t\t\t\t\t\"Billioinaires\"<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

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\t\t\t\t\tThe Top 10 Billionaire Backers of Music\u00a0Companies\t\t<\/p>\n<\/h3><\/div>\n

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\n\tPershing Square, which managed the closed-end fund called PSVII, said it decided to distribute, rather than cash out, the UMG stock \u201cbecause 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.\u201d<\/p>\n

\n\tPershing Square continues to own around 140 million shares, equal to a 7.6% stake in UMG, through its core funds \u2014 Pershing Square Holdings, Ltd., Pershing Square, L.P. and Pershing Square International, Ltd. \u2014 Bill Ackman, Pershing Square employees and other affiliates, according to a company statement. UMG is still Pershing Square\u2019s largest single holding.<\/p>\n

\n\tAs of Dec. 31, Pershing Square said UMG has had a total return of \u201c46% including dividends over the approximately three-and-one-quarter-year life of the investment.\u201d The company said that is better than \u201cthe S&P 500\u2019s 37% return and the Amsterdam Exchange Index\u2019s return of 21% over the same period.\u201d<\/p>\n<\/div>\n<\/div>\n

Aller \u00e0 la source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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 \u2014 whose Pershing Square company has owned around 10% of stock in the Universal Music Group since 2021 \u2014 has advocated for UMG to do, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[17],"tags":[],"class_list":["post-123551","post","type-post","status-publish","format-standard","hentry","category-musique","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"_links":{"self":[{"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/posts\/123551","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/comments?post=123551"}],"version-history":[{"count":0,"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/posts\/123551\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/media?parent=123551"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/categories?post=123551"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/tags?post=123551"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}