Universal Music confirms receipt of unsolicited, non-binding proposal from Pershing Square

  • Universal Music Group board received an unsolicited, non-binding proposal from Pershing Square Capital Management.
  • Board, together with advisers, began reviewing proposal implications for shareholders, employees, artists, songwriters, other stakeholders.
  • UMG board reiterated confidence in strategy and leadership of Sir Lucian Grainge.
  • No further comment planned until board completes its review.


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