Universal Music Group Receives $64.4 Billion Takeover Bid from Pershing Square
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Universal Music Group Receives $64.4 Billion Takeover Bid from Pershing Square

What's Happening? Bill Ackman's Pershing Square has submitted a $64.4 billion bid to acquire Universal Music Group (UMG) in a cash and stock deal. The proposal includes $10.85 billion in cash and 0.77 shares of stock in the new company for each UMG share. Ackman praised UMG's management but noted th
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