Investments and investor services
Pershing Square acquires 7.5% stake in Universal Music Group
Bill Ackman's Pershing Square has the option to increase its stake to 10% and intends to exercise this option
Company
Pershing Square Holdings
LON:PSH
Pershing Square Holdings PLC is an investment holding company structured as a closed-ended fund, managed by Bill Ackman's New York-based Pershing Square Capital Management. Registered in Guernsey, Pershing Square makes concentrated investments principally in North American companies.
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Investments and investor services
Pershing Square to acquire Universal Music stake after SPAC deal blocked
The SEC raised concerns about the structure of the SPAC deal and if it qualified under NYSE rules.