UMG Rejects Bill Ackman's Demand to Delist from Amsterdam
Saturday, 9 November 2024, 22:01
UMG Stands Firm Against Delisting
Universal Music Group (UMG) has unequivocally denied Bill Ackman's request to delist from Euronext Amsterdam. The company emphasized that maintaining its presence in Amsterdam is in the best interest of its shareholders.
Shareholders' Best Interests at Heart
- UMG cites strong stakeholder relationships as a reason for remaining listed in Amsterdam.
- Bill Ackman, a prominent investor, is advocating for a domicile move to the U.S.
- The company remains committed to transparency and represents its shareholders' interests.
Market Impacts
This decision comes amidst a backdrop of significant market fluctuations. UMG aims to stabilize its position while defending its current listing.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.