Universal Responds to Bill Ackman’s Call to Shift Listing From Amsterdam to US

Ackman said that Pershing Square Holdings (PSH), an investment holding company he manages, has a ‘contractual right’ to get UMG listed in the United States.

Bill Ackman, CEO of Pershing Square Capital, speaks at the Wall Street Journal Digital Conference in Laguna Beach, Calif., on Oct. 17, 2017. Mike Blake/Reuters

Universal Music Group (UMG) responded to a recent suggestion made by its billionaire board member Bill Ackman that the company delist from Amsterdam’s Euronext stock exchange next year.

Ackman made his suggestion following a clash on the streets of Amsterdam between pro-Palestinian protesters and Israelis after a soccer match on Nov. 7. Around 60 people were arrested during the incident.