24/7 Wall Street
04 Jun 2026, 20:37 UTC · 4h ago
Billionaire Bill Ackman's Pershing Square Exits Universal Music After Failed Takeover Bids, Stock Slumps 7%
24/7 Wall Street
04 Jun 2026, 20:37 UTC · 4h ago
Story key points
4 claims · impact-rated
Bill Ackman's Pershing Square has sold its entire stake in Universal Music Group (UMG) after two failed takeover attempts. — The exit of a major activist removes the 'takeover premium' and signals that a strategic sale or breakup is unlikely in the near term.
-0.60Chipotle Mexican Grill experienced its first full year of negative comparable sales in 2025, with Q4 comps down 2.5%. — Negative comparable sales and declining transaction volume indicate weakening fundamental growth for the brand.
-0.40Universal Music Group repurchased over 14 million shares from Pershing Square for approximately $290 million. — Company buybacks generally signal management confidence in standalone value and provide a floor for the share price.
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