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UMG says Pershing does not have right to require Amsterdam delisting

Summary by WTVB
(Reuters) – Record label Universal Music Group said on Saturday that billionaire Bill Ackman’s Pershing Square does not have any right to require UMG to become a U.S.-domiciled company or delist from Euronext Amsterdam. Ackman on Friday said he would seek to delist investment firm Pershing Square Holdings and move the record label from Amsterdam, following attacks on Israeli soccer fans. (Reporting by Chandni Shah in Bengaluru; Editing by A…
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