Bill Ackman’s Pershing Square Reportedly Set to Divest Remaining Universal Music Shares Following Failed Takeover Attempt

Photo Credit: Bill Ackman by Adam Jeffery for CNBC
On the heels of its failed Universal Music Group (UMG) takeover attempt, Bill Ackman’s Pershing Square is reportedly preparing to sell off its remaining interest in the major label.That’s according to an early release from Bank of America, which pointed to Pershing’s imminent divestment of approximately 80.6 million shares. Via various Pershing funds, Ackman possesses roughly 4.74% of Universal Music’s stock at present &n