The record label behind Taylor Swift plans to launch a U.S. offering of some shares owned Bill Ackman’s Pershing Square, as the hedge-fund billionaire pushes for a U.S. listing.

Further to Universal Music Group’s (UMGNF) statement of November 9, 2024, UMG announced Wednesday that Pershing Square has exercised its right under the previously disclosed Registration Rights Agreement between UMG and Pershing to request an offering and secondary listing of UMG in the U.

Universal Music Group said on Wednesday that billionaire Bill Ackman-led Pershing Square has exercised its right to request an offering and secondary listing of the record label in the United States.

Universal Music Group NV has agreed to plan a US share sale by Sept. 15, in order to fulfill an agreement with billionaire Bill Ackman’s hedge fund Pershing Square.

Shares of Texas-based Howard Hughes, one of Pershing Square's longest-held investments, jumped over 13% in premarket trading. Howard Hughes's shareholders can elect to receive the entire payment in cash or "roll over" all or a portion of their shares into the post-merger company,

Howard Hughes Holdings Inc. (NYSE: HHH) has received a $1 billion offer from the firm run by The Woodlands-based developer’s former chairman. Pershing Square Capital Management

Pershing Square Capital Management LP propuso un acuerdo para fusionar una filial recientemente creada con Howard Hughes Holdings Inc, en el paso más reciente del intento de Ackman por adquirir el promotor inmobiliario que solía ayudar a dirigir.