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Recently, Bill Ackman managed to attract investors' attention to Universal Music Group (UMG) (i.) with a takeover bid from Pershing Square. The focus was particularly on the weak stock performance of the share and the potential undervaluation, which could be resolved by a shift to the US market. What is exciting are the details of the offer. In order to unlock these potential hidden reserves, Bill Ackman is offering €5.05 in cash for each share held, as well as 0.77 shares of a newly established company, which results in a considerable value...
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