Pershing Square Plots Up to $10 Billion IPO Amid UMG Takeover Attempt — Proceeds Would Be ‘Fully Invested in a Matter of Weeks,’ Bill Ackman Says
As Universal Music’s board considers Pershing Square’s unsolicited $64 billion takeover proposal, two Pershing entities are moving forward with plans to launch an up to $10 billion combined IPO. We first highlighted those plans earlier this week, when Pershing unveiled the IPO (which technically consists of two offerings) in SEC filings and a presentation from [……
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