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Bill Ackman Calls On Universal Music Group to Move Listing to U.S.
Bill Ackman called for UMG to move its stock listing and headquarters to the United States from Amsterdam after attacks on Israeli soccer fans.
Billionaire hedge funder and Universal Music Group board member Bill Ackman called for UMG to move its stock listing and legal headquarters to the United States from Amsterdam after violent attacks on Israeli soccer fans overnight in the Dutch capital. Amsterdam’s Mayor Femke Halsema said fans of Maccabi Tel Aviv were attacked and “pelted with fireworks” overnight by “antisemitic hit-and-run squads” after the city’s AFC Ajax soccer team beat Maccabi in a Europa League match. “Leaving a jurisdiction that fails to protect its tourists and minority populations combine both good business and moral principles,” Ackman wrote in the post which he began by writing he is seeking board approval to move Pershing Square’s listing to London.
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