Ackman Confirms Sale of Some Pershing Square UMG Shares
PARIS (Reuters) - Pershing Square CEO Bill Ackman confirmed on Thursday his firm had sold some of its shares in Universal Music Group (UMG).
"We decided to sell a portion of our UMG position today," he wrote on X.
"UMG was our largest position going into the day at more than around 27% of our capital. After the sale, it will still be our largest position at about 17% of the portfolio," he said.
(Reporting by Sudip Kar-Gupta; Editing by Chris Reese)
