Bill Ackman’s Pershing Square Offers to Acquire Universal Music Group for $63.5 Billion
Bill Ackman’s Pershing Square Capital Management unveiled a non-binding proposal to the board of directors of music giant Universal Music Group (UMG), the musical home of such stars as Taylor Swift and Kendrick Lamar, to acquire all of its outstanding shares in a mega-transaction valued at around $63.5 billion, “together with a value creation plan…