Pershing Square unveils transaction valuing Universal Music at 55 bn euros

American hedge fund Pershing Square, led by the activist investor Bill Ackman, announced Tuesday a transaction valuing Universal Music Group at up to 55 billion euros, saying it believed the music giant was undervalued by stock markets. Under the proposal, Pershing would merge UMG with Pershing Square SPARC Holding, an acquisition company that would be […] The post Pershing Square unveils transaction valuing Universal Music at 55 bn euros appeared first on Digital Journal.