Industry Apr 7, 2026
Pershing Square Confirms UMG Bid, Sets Price Target
On a call with shareholders, Bill Ackman discussed Lucian Grainge's contract and Pershing's plan to take UMG's share price to over 30 euros by 2030.
Originally published by
Billboard
Pershing Square Holdings has outlined its strategy regarding Universal Music Group (UMG). On a call with shareholders, Bill Ackman detailed discussions about Lucian Grainge's contract. Pershing's initiative aims to increase UMG's share price to exceed 30 euros by the year 2030. Originally reported by Billboard.