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Apr 7, 2026, 11:30 am75 pts
The WrapShares of Universal Music Group jumped 12.9% on Tuesday after Bill Ackman’s Pershing Square Capital Management submitted a €55.8 billion ($64.4 billion) takeover bid to acquire the company’s outstanding shares. The proposed cash and stock deal would see UMG shareholders receive a total of €9.4 billion…
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