After Ackman’s Pershing Square exits remaining stake, Universal Music Group shares fall

TL;DR

Universal Music Shares Fall After Ackman Fund Offloads $1.5 Billion Stake Universal Music buys back part of Ackman’s Pershing stake after $64 billion bid fails watch now Universal Music slumps 7% as Bill Ackman’s Pershing Square offloads stake after failed takeovers CNBC's Andrew Ross Sorkin reports on the latest news. 01:05 13 minutes ago watch now CNBC's Andrew Ross Sorkin reports on the latest news. 01:05 13 minutes ago Universal Music Group (AEX:UMG) shares fell on Thursday after Bill Ackman’s Pershing Square Capital Management sold its remaining holding in the music company, bringing an end to a five-year investment.