Pershing Square Holdings announces the launch of a sale of 50M ordinary shares in Universal Music Group (UMGNF), corresponding to approximately 2.7% of UMG’s issued share capital. The placing shares will be offered through a placing to eligible institutional investors by means of an accelerated bookbuild. Morgan Stanley is acting as sole bookrunner in connection with the placing. The price per share will be determined through an accelerated bookbuild process.
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