{"id":123647,"date":"2024-11-09T00:11:47","date_gmt":"2024-11-08T17:11:47","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=123647"},"modified":"2024-11-09T00:11:47","modified_gmt":"2024-11-08T17:11:47","slug":"bill-ackman-proposes-delisting-pershing-square-holdings-from-euronext-amsterdam-advocates-for-umgs-us-listing","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=123647","title":{"rendered":"Bill Ackman Proposes Delisting Pershing Square Holdings from Euronext Amsterdam, Advocates for UMG\u2019s US Listing"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n            <!-- image --><\/p>\n<div class=\"td-post-featured-image\"><a href=\"https:\/\/vinnews.com\/wp-content\/uploads\/2024\/11\/20241108_093020.jpg\" data-caption=\"\"><img loading=\"lazy\" decoding=\"async\" width=\"696\" height=\"928\" class=\"entry-thumb td-modal-image\" src=\"https:\/\/vinnews.com\/wp-content\/uploads\/2024\/11\/20241108_093020-696x928.jpg\" srcset=\"https:\/\/vinnews.com\/wp-content\/uploads\/2024\/11\/20241108_093020-696x928.jpg 696w, https:\/\/vinnews.com\/wp-content\/uploads\/2024\/11\/20241108_093020-225x300.jpg 225w, https:\/\/vinnews.com\/wp-content\/uploads\/2024\/11\/20241108_093020-768x1024.jpg 768w, https:\/\/vinnews.com\/wp-content\/uploads\/2024\/11\/20241108_093020.jpg 1536w\" sizes=\"auto, (max-width: 696px) 100vw, 696px\" alt=\"\" title=\"20241108_093020\"\/><\/a><\/div>\n<p>            <!-- content --><\/p>\n<p>NEW YORK CITY (VINnews)-Bill Ackman, the founder of Pershing Square Holdings, has announced plans to seek approval from the board to eliminate the company\u2019s listing on the Euronext Amsterdam exchange. This decision comes as Ackman, along with his family, controls 23% of the company\u2019s shares and has been actively involved in discussions surrounding the company\u2019s future direction.<\/p>\n<p><strong class=\"whatsapp-promotion-mobile\">&#13;<br \/>\n<!-- \t<a href=\"https:\/\/vinnews.com\/2024\/11\/08\/bill-ackman-proposes-delisting-pershing-square-holdings-from-euronext-amsterdam-advocates-for-umgs-us-listing\/sms:\/\/+18452039125?&body=Send%20this%20message%20to%20start.\" style=\"color:red\" target=\"_blank\" rel=\"noopener\">\n\t\t<i class=\"td-icon-comments\" style=\"margin-top:0px\"><\/i>\n\t\tClick to get Text Message Updates right to your phone<\/a>\n\t\t<\/p>\n\n\n\n<p>-->&#13;<br \/>\n\t<a href=\"https:\/\/vinnews.com\/2020\/01\/07\/vin-whatsapp\/\">&#13;<br \/>\n\t\t<i class=\"td-icon-whatsapp\" style=\"margin-top:0px\"\/>&#13;<br \/>\n\t\tJoin our WhatsApp group<\/a>&#13;<\/p>\n<p><a href=\"https:\/\/vinnews.com\/subscribe\/\">&#13;<br \/>\n\t\t<i class=\"td-icon-mail\" style=\"margin-top:0px\"\/>&#13;<br \/>\n\t\tSubscribe to our Daily Roundup Email<\/a>&#13;\n<\/p>\n<p><\/strong><\/p>\n<p>Ackman\u2019s rationale for delisting Pershing Square from the Euronext Amsterdam exchange stems from the fact that the company\u2019s second listing on the London Stock Exchange (LSE) now accounts for more than 90% of its trading volume. This dominance in LSE trading, coupled with recent events in Amsterdam, has led Ackman to believe that it is both a business-savvy and morally sound decision to concentrate the company\u2019s listing on a single exchange.<\/p>\n<p>\u201cEvents in Amsterdam during the last 24 hours provide an appropriate tipping point for this conclusion,\u201d Ackman stated, alluding to concerns regarding the treatment of tourists and minority populations in the city. This, he believes, adds a moral imperative to the business case for leaving the Euronext Amsterdam exchange.<\/p>\n<p>By focusing solely on the LSE, Ackman argues that Pershing Square can achieve multiple benefits, including cost savings, improved liquidity for shareholders, and greater overall efficiency. \u201cConcentrating the listing on one exchange, the LSE, and leaving a jurisdiction that fails to protect its tourists and minority populations combine both good business and moral principles,\u201d he noted.<\/p>\n<p>Ackman\u2019s ambitions extend beyond Pershing Square Holdings. As a member of the board of Universal Music Group (UMG), which is domiciled and listed in Amsterdam, he has initiated conversations about moving UMG\u2019s domicile and listing to the United States. He asserts that such a move would offer significant benefits, including increased liquidity and exposure to a broader investor base. Ackman highlighted that Pershing Square has a contractual right to facilitate UMG\u2019s US listing and confirmed that this will be executed no later than next year.<\/p>\n<p>\u201cUMG trades at a large discount to its intrinsic value with limited liquidity in significant part due to it not having its primary listing on the NYSE or Nasdaq, and not being eligible for S&amp;P 500 and other index inclusion. We are going to fix this,\u201d Ackman emphasized.<\/p>\n<p>In summary, Ackman\u2019s proposals represent a significant shift for both Pershing Square Holdings and Universal Music Group. He is positioning these companies for greater operational focus and increased market presence, while aligning his decisions with ethical considerations. 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