Universal Music Group will move to U.S. exchange in 2025, Ackman says

Bill Ackman, CEO of Pershing Square Capital Management, announced at the Delivering Alpha conference that Universal Music Group will move its primary stock exchange listing to the United States from the Netherlands due to recent antisemitic attacks in Amsterdam. Ackman, who is the largest shareholder in UMG, plans to relist his own publicly traded company from the Euronext exchange in Amsterdam to the London Stock Exchange. The decision comes after attacks on Israeli soccer fans in Amsterdam led to a ban on demonstrations. Ackman has the right to force the relisting of UMG, but the company and its board members are not involved in his decision.