Universal Music Group Rejects Unsolicited Proposal From Pershing Square
Benzinga Newsdesk 5 months ago
M&ANews
After careful review with the assistance of outside financial and legal advisors, the Board has rejected the proposal because it fundamentally and materially undervalues UMG and will not deliverAfter careful review with the assistance of outside financial and legal advisors, the Board has rejected the proposal because it fundamentally and materially undervalues UMG and will
After careful review with the assistance of outside financial and legal advisors, the Board has rejected the proposal because it fundamentally and materially undervalues UMG and will not deliver superior value creation. The Board has heard from many of UMG's shareholders and other stakeholders and believes there is a strong consensus supporting the Board's decision.