Bill Ackman’s Pershing Square said on Tuesday it proposed to buy Universal Music Group in a cash-and-stock deal worth about 55.75 billion euros ($64.31 billion).
The deal value is based on Reuters calculations.
Pershing Square said its offer estimates Universal Music at about 30.4 euros per share.
Universal Music’s shares last closed at 17.1 euros.
($1 = 0.8674 euros)
(Reporting by Gnaneshwar Rajan in Bengaluru)
Six Swiss banks have joined forces to test potential use cases for a Swiss franc stablecoin in Switzerland, banking giant...
Central European quick-service restaurant operator Rex Concepts plans to launch an initial public offering and list its shares on the...
German industrial orders rose less than expected in February, growing by 0.9% on the previous month on a seasonally and...
As Italians live longer and traditional family care weakens, growing numbers of sprightly seniors are tempted by new residential developments...
TikTok plans to invest 1 billion euros ($1.16 billion) to build a second data centre in Finland in less than...
Switzerland is expected to flesh out stricter capital rules for UBS this month, a major step in determining the future...
© 2024 SEMG.
