Overview

• Bill Ackman, through Pershing Square, seeks to move Universal Music Group's listing from Amsterdam to the U.S., citing antisemitic attacks in the Dutch city as a catalyst.
• UMG, listed on the Euronext Amsterdam since 2021, states that Pershing Square can request a U.S. listing but cannot force a delisting or change of domicile.
• Pershing Square owns approximately 10% of UMG, and Ackman claims a U.S. listing would unlock significant value by improving liquidity and index eligibility.
• UMG emphasizes that any decision regarding a U.S. listing will prioritize the best interests of all shareholders and adhere to contractual obligations.
• The recent antisemitic attacks in Amsterdam, involving Israeli soccer fans, have intensified Ackman's longstanding criticism of antisemitism globally.