Universal Music Group (UMG) responded to a recent suggestion made by its billionaire board member Bill Ackman that the company delist from Amsterdam’s Euronext stock exchange next year.
Ackman made his suggestion following a clash on the streets of Amsterdam between pro-Palestinian protesters and Israelis after a soccer match on Nov. 7. Around 60 people were arrested during the incident.
In a Nov. 8 X post, Ackman said he has “begun the conversation” with UMG about shifting the domicile and listing of UMG to the United States from the Netherlands.
UMG said in a Nov. 9 statement that neither the company nor any of its other board members were “involved in the formulation of the views in that post.”…