Universal Music Group Rejects Ackman's Amsterdam Delisting Proposal

UMG asserts Pershing Square cannot mandate a U.S. domicile or delisting despite Ackman's claims of antisemitic incidents prompting the move.

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.