financetom
Business
financetom
/
Business
/
Ackman cuts UMG stake after denied request to delist in Amsterdam
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Ackman cuts UMG stake after denied request to delist in Amsterdam
Jan 7, 2025 1:34 AM

AMSTERDAM, Jan 7 (Reuters) - Billionaire Bill Ackman has

reduced his stake in Universal Music Group to 7.48%,

several weeks after the record label denied his request to

delist from Euronext Amsterdam, the Dutch financial markets

authority's shareholder registry showed on Tuesday.

The owner of investment firm Pershing Square

previously held a 10% stake in UMG, according to the AFM's

register.

Ackman in November had said he would seek to move both his

own investment firm and Universal Music Group away from

Amsterdam, following attacks on Israeli soccer fans in the city.

But UMG, whose roster of stars includes Taylor Swift, a day

later said the investor had no right to require it to become a

U.S.-domiciled company or to delist in Amsterdam.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Monster Beverage Q3 sales rise
Monster Beverage Q3 sales rise
Nov 6, 2025
Overview * Monster Beverage ( MNST ) Q3 net sales rise 16.8%, beating analyst expectations * Net income for Q3 increases 41.4% to $524.5 mln * Operating income for Q3 rises 40.7% to $675.4 mln Outlook * Company plans to launch FLRT, a female-focused brand, in early 2026 * Monster Beverage ( MNST ) highlights innovation as central to long-term...
Mercer Q3 revenue misses analyst estimates as trade uncertainties hurt demand
Mercer Q3 revenue misses analyst estimates as trade uncertainties hurt demand
Nov 6, 2025
Overview * Mercer Q3 revenue declines 9% yr/yr, missing analyst expectations * Operating EBITDA turns negative, impacted by lower pulp sales and higher fiber costs * Company advances cost-saving initiatives to improve liquidity and efficiency Outlook * Mercer expects weak pulp prices to persist in Q4 2025 * Company anticipates modest lumber price increase in Europe in Q4 2025 *...
Trump administration announces Boeing deals in Central Asia
Trump administration announces Boeing deals in Central Asia
Nov 6, 2025
WASHINGTON (Reuters) -U.S. President Donald Trump's administration announced Thursday new deals to sell up to 37 Boeing ( BA ) airplanes to airlines in the Central Asian nations of Kazakhstan, Tajikistan and Uzbekistan. The Commerce Department said Kazakhstan flag carrier Air Astana plans to buy up to 15 Boeing 787-9 Dreamliners to grow and modernize its fleet. The orders were...
Iren Fiscal Q1 Swings to Income, Revenue Rises
Iren Fiscal Q1 Swings to Income, Revenue Rises
Nov 6, 2025
04:40 PM EST, 11/06/2025 (MT Newswires) -- Iren ( IREN ) reported fiscal Q1 net income late Thursday of $384.6 million, swinging from a loss of $51.7 million a year ago. Revenue for the quarter ended Sept. 30 was $240.3 million, up from $52.8 million a year earlier. Analysts surveyed by FactSet expected $241.4 million. Shares of the company were...
Copyright 2023-2026 - www.financetom.com All Rights Reserved