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universal music group rejects bill ackman's delisting demands from euronext

Universal Music Group NV has rejected Bill Ackman's claim that his Pershing Square fund can force the company to relocate its domicile to the US or delist from Euronext Amsterdam. Ackman asserted a "contractual right" to initiate the move, coinciding with his push to delist Pershing Square Holdings from Euronext due to recent antisemitic incidents in Amsterdam.
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