Universal Music Group will relocate its primary stock exchange listing to the U.S. in 2025, as announced by Bill Ackman at the Delivering Alpha conference. This decision follows recent antisemitic attacks in Amsterdam and aims to enhance liquidity and valuation, given UMG's current market value of approximately $46 billion. Ackman, the largest shareholder, holds the right to force the relisting, which is expected to occur within 120 days of his demand.
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