Ackman Says Amsterdam Violence Tipping Point for Delisting

-- Billionaire Bill Ackman said he’s going to seek to remove Pershing Square Holdings Ltd.’s listing from Euronext’s exchange in Amsterdam after violence against Israeli football fans in the Netherlands. Universal Listing Ackman also wrote that he’s started a conversation with Universal Music Group N.V. about moving its domicile and listing to the US. Ackman is among Universal Music Group’s biggest shareholders and holds a stake of more than 10% via his various Pershing Square funds. “We will exercize this right and achieve a US listing for UMG no later than some time next year.” Ackman wrote that Universal Music trades “at a large discount” with limited liquidity in part due to not being listed in the US.