Ty Roush is a New York City-based breaking news reporter who frequently covers Russia’s invasion of Ukraine, the automotive industry and sports money. He joined Forbes in 2022 and has covered Exxon acquiring Pioneer for nearly $60 billion, a mysterious respiratory illness affecting dogs across the U.S.
Hallmark Beat CNN In Primetime Last Week — Here’s A Supersized Guide To Ratings And All 32 New Holiday Films Universal Music Group opposed a request from billionaire Bill Ackman to delist from Amsterdam ’s stock exchange, saying Ackman’s hedge fund has no right to ask the record label to do so after Ackman cited a series of antisemitic attacks in the Dutch city as a “tipping point” earlier this week.
Moving UMG’s listing from Amsterdam to the U.S. would offer “highly material benefits” for the record label, Ackman said, though he did not specify. Pershing Square can request UMG be listed in the U.S. as long as a Pershing Square entity sells at least $500 million worth of UMG shares as part of the listing, UMG said.
UMG added it would “endeavor in good faith” to comply with its contractual obligations, though the process of a U.S. listing would be based on analysis that considers “the best interests” of the company’s shareholders.We’re launching text message alerts so you'll always know the biggest stories shaping the day’s headlines. Text “Alerts” to 335-0739 or sign upto our latest estimates, making him the 307th-richest person in the world.
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