{"id":248488,"date":"2026-04-07T21:06:56","date_gmt":"2026-04-08T01:06:56","guid":{"rendered":"https:\/\/www.cyberlego.com\/web\/2026\/04\/07\/umg-board-of-directors-has-complete-confidence-in-lucian-grainge-following-pershing-square-bid\/"},"modified":"2026-04-07T21:06:56","modified_gmt":"2026-04-08T01:06:56","slug":"umg-board-of-directors-has-complete-confidence-in-lucian-grainge-following-pershing-square-bid","status":"publish","type":"post","link":"https:\/\/www.cyberlego.com\/web\/2026\/04\/07\/umg-board-of-directors-has-complete-confidence-in-lucian-grainge-following-pershing-square-bid\/","title":{"rendered":"UMG Board of Directors Has \u2018Complete Confidence in\u2019 Lucian Grainge Following Pershing Square\u00a0Bid"},"content":{"rendered":"

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\n\tFollowing Pershing Square\u2019s bid to acquire Universal Music Group (UMG)<\/a> on Tuesday (April 7), the music giant has confirmed that its board of directors received the \u201cunsolicited and non-binding proposal\u201d in a brief press release in which it expressed \u201ccomplete confidence in\u201d the company\u2019s strategy under chairman and CEO Lucian Grainge<\/strong>.<\/p>\n

\n\t\u201cThe Board of Directors, together with its advisors, will review the proposal in accordance with its fiduciary duties and analyze its implications for shareholders, employees, artists, songwriters and other stakeholders,\u201d the release reads.<\/p>\n

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\t\t\t\t\t\tEAST HAMPTON, NY - AUGUST 06: Bill Ackman attends the Hamptons International Film Festival SummerDocs Series screening of \"Betting On Zero\" at Guild Hall on August 6, 2016 in East Hampton, New York. (Photo by Matthew Eisman\/Getty Images for Hamptons International Film Festival)<\/p><\/div>\n<\/p><\/div>\n

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\t\t\t\t\tPershing Square\u2019s Universal Music Group Bid: What You Need to\u00a0Know\t\t<\/p>\n<\/h3><\/div>\n

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\t\t\t\t\t‘People Forget That Relationships Are The Real Currency In Business’: David Grutman on How to Succeed in Nightlife & Hospitality (Book Excerpt)\t\t<\/p>\n<\/h3><\/div>\n

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

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\t\t\t\t\t‘That’s What This Is All About’: Kevin Lyman on 30 Years of Vans Warped Tour and What Comes Next\t\t<\/p>\n<\/h3><\/div>\n

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\n\tIt adds, \u201cThe Board of Directors has complete confidence in UMG\u2019s strategy and the leadership of Sir Lucian Grainge and the Company\u2019s management team. UMG will have no further comment on the proposal until the Board of Directors completes its review.\u201d<\/p>\n

\n\tThe offer from the Bill Ackman-founded investment firm values UMG at more than $60 billion. The proposed deal, which would entail a 9.4 billion euros ($10.85 billion) total cash or 5.05 euros per share ($5.82) offer to shareholders, would result in UMG merging with Pershing Square SPARC Holdings and would move the new entity\u2019s headquarters from the Netherlands to Nevada, while its stock would move from the Euronext Amsterdam to the New York Stock Exchange.<\/p>\n

\n\t\u201cWhile business performance has been strong, UMG\u2019s share price has languished,\u201d Ackman wrote in a Tuesday letter to UMG\u2019s board of directors that mentioned uncertainty over UMG investor Bollor\u00e9 Group\u2019s 18% stake in the company, its decision to delay a U.S. stock offering and the under-utilization of the music company\u2019s balance sheet as reasons for the stock\u2019s overall downward trajectory since its closing price on the first day of trading. \u201cNotably, none of the above issues relate to the company\u2019s execution of its music business, and importantly, all of the above issues can be addressed in a merger transaction.\u201d<\/p>\n

\n\tAckman, who held a call<\/a> to address analysts\u2019 and shareholders\u2019 questions about the proposed deal earlier on Tuesday, wrote that he expects the deal to close by the end of the year.<\/p>\n


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

Following Pershing Square\u2019s bid to acquire Universal Music Group (UMG) on Tuesday (April 7), the music giant has confirmed that its board of directors received the \u201cunsolicited and non-binding proposal\u201d in a brief press release in which it expressed \u201ccomplete confidence in\u201d the company\u2019s strategy under chairman and CEO Lucian Grainge. \u201cThe Board of Directors, […]<\/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-248488","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\/248488","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=248488"}],"version-history":[{"count":0,"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/posts\/248488\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/media?parent=248488"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/categories?post=248488"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/tags?post=248488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}