- June 21, 2021
- Posted by: Stratford Team
- Category: Business
LONDON–(BUSINESS WIRE)–Regulatory News:
Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) (NA:PSH) (the “Company”) today notes that Pershing Square Tontine Holdings, Ltd. (NYSE:PSTH) issued the following press release announcing it has entered into a definitive agreement with Vivendi S.E. pursuant to which PSTH will acquire 10% of the outstanding Ordinary Shares of Universal Music Group for approximately $4 billion. The Pershing Square Funds will exercise approximately $1.6 billion (91% of which is allocated to PSH) of the Forward Purchase Agreements as part of the transaction.
On 23 June 2021 at 8:15 AM EDT, Universal Music Group will present a 22-minute, live-streamed video presentation prepared for PSTH shareholders about the company. The live stream will be accessible to PSTH shareholders here. A transcript of the video will be made available to the general public on the Universal Music Group website following the live…
