Tag: $Pershing Square

Bill Ackman’s Pershing Square Capital has offered to buy Universal Music Group in a deal that values the world’s largest music company at about €55bn and would shift its listing from Amsterdam to New York.

Outspoken investor Bill Ackman is taking a step toward his long-held ambition of building a publicly traded investment vehicle modeled on Warren Buffett’s approach, filing to list his hedge fund firm Pershing Square Capital Management on the New York Stock Exchange.

Pershing Square USA, a fund managed by billionaire Bill Ackman, said on Friday it plans to offer shares at $50 each in its initial public offering in New York.