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Tuesday, June 22, 2021

UMG IPO OK'D

Universal Music Group will go public on 9/21 on the Euronext Amsterdam stock exchange after Vivendi shareholders nearly unanimously approved the spin-off Tuesday.

Vivendi will distribute 60% of Universal’s shares to existing Vivendi shareholders and list the music company, which now is valued at about $40b based on the weekend’s 10% investment from Bill Ackman’s Pershing Square Tontine Holdings.

TAGS: Universal Music Group | Euronext Amsterdam | Vivendi | IPO
VIVENDI FINALIZES 10% UMG SALE TO BILL ACKMAN
SHAREHOLDERS OK  UMG IPO PLAN
VIVENDI UNVEILS UMG IPO PLAN
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