Bill Ackman’s Pershing Square plans to take over Universal Music Group (UMG) in a $64 billion (£48.4 billion) cash and shares deal. Ackman said Universal Music’s share price has ‘languished’ due to a range of issues the merger would address. Universal Music Group Share price: €19.4 (+13.3%) Market cap: €31.4bn PE: 19.3 Amsterdam-listed shares in … Continue reading Pershing Square bids for Universal Music