Bill Ackman-Led Pershing Square’s Acquisition Proposal Sends UMG Stock Soaring

The company said the cash-and-stock deal values UMG at €30.4 per share, representing a 78% premium over Universal Music’s last closing price.
Bill Ackman attends Legion of Honour Award Ceremony and Dinner for Olivia Tournay Flatto at the Park Avenue Armory on October 19, 2022 in New York City. (Photo by Sylvain Gaboury/Patrick McMullan via Getty Images)
Bill Ackman attends Legion of Honour Award Ceremony and Dinner for Olivia Tournay Flatto at the Park Avenue Armory on October 19, 2022 in New York City. (Photo by Sylvain Gaboury/Patrick McMullan via Getty Images)
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Rounak Jain·Stocktwits
Published Apr 07, 2026   |   6:08 AM EDT
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Bill Ackman-led Pershing Square Capital Management’s (PSHZF) proposal to acquire Universal Music Group NV (UMGNF) sent UMG stock soaring on Tuesday.

Pershing Square announced that UMG shareholders will receive €5.05 ($5.84) per UMG share, amounting to €9.4 billion in total.

The company said the cash-and-stock deal values UMG at €30.4 per share, representing a 78% premium over Universal Music’s last closing price.

UMG’s shares were up nearly 11% at the time of writing.

€1 = $1.16

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