Latest News for: Amsterdam distribution

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Ackman's SPAC signs deal to buy 10% of Vivendi's Universal

Reuters 21 Jun 2021
UMG, which is being spun-off by France's Vivendi (VIV.PA), will complete its planned Euronext Amsterdam listing in late September, the media group said. Tontine said it will distribute UMG shares to its shareholders only after the completion of listing.
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Ackman’s SPAC signs deal to buy 10% of Vivendi’s Universal

Metro USA 21 Jun 2021
UMG, which is being spun-off by France’s Vivendi, will complete its planned Euronext Amsterdam listing in late September, the media group said. Tontine said it will distribute UMG shares to its shareholders only after the completion of listing.
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Vivendi faces investor test over plans for Universal spin-off

Metro USA 21 Jun 2021
Bollore, Vivendi’s controlling shareholder with 27%, is seeking to cash in by listing UMG in Amsterdam, and distributing 60% of Universal’s shares to Vivendi investors.
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Ackman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion

Yahoo Daily News 21 Jun 2021
(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Universal Music Group for about $4 billion from French media company Vivendi SE ... Pershing Square Tontine said it intends to distribute the Universal Music shares to its investors after the music business’s planned public listing in Amsterdam later this year.
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Vivendi sells 10 percent stake in Universal Music Group to Ackman’s SPAC

New York Post 21 Jun 2021
UMG, which is being spun off by French parent company Vivendi, still plans to list on the Euronext Amsterdam exchange in late September, the company said. Ackman’s SPAC said it will distribute UMG shares to shareholders “promptly following the completion of the ...
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Vivendi’s UMG Spinoff Hits Wrong Notes With Some Investors

Barrons 18 Jun 2021
It’s a departure from the traditional SPAC model because, instead of creating a new publicly traded company, Ackman’s SPAC will distribute Amsterdam-listed UMG stock to shareholders and use the ...
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‘Coppelia’: Annecy Review

Screen Daily 18 Jun 2021
Live action and CGI animation seamlessly combine in this modern retelling of the 150-year-old ballet. Dirs/scr. Jeff Tudor, Steven De Buel, Ben Tesseur. Netherlands-Germany-Belgium. 2021. 82mins ... (That, and the habitual twirling of his moustache at key moments) ... Submarine Amsterdam, 3 Minutes West ... Urban Distribution International sales@urbangroup.biz ... .
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Artisan fund joins opposition to Universal Music spin-off

Yahoo Daily News 11 Jun 2021
Activist fund Bluebell Capital Partners had already questioned Vivendi's plan to cash in on its prize asset - the music label behind artists such as Lady Gaga - through a distribution-in-kind to shareholders. The deal - through which Vivendi aims to list Universal in Amsterdam ...
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Bollore won't seek exemption of tender offer rules on Vivendi

Reuters 11 Jun 2021
Bollore is Vivendi's top shareholder with a 27% stake in the company ... read more ... read more. Glass Lewis and ISS have recommended Vivendi shareholders vote in favour of the spin-off plans, which would see Universal being listed in Amsterdam. The deal includes the distribution of 60% of Universal's shares to Vivendi shareholders ... Our Standards.
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Bollore won’t seek exemption of tender offer rules on Vivendi

Metro USA 11 Jun 2021
Bollore is Vivendi’s top shareholder with a 27% stake in the company ... Subscribe. ... Glass Lewis and ISS have recommended Vivendi shareholders vote in favour of the spin-off plans, which would see Universal being listed in Amsterdam. The deal includes the distribution of 60% of Universal’s shares to Vivendi shareholders ... ($1 = 0.8218 euros) ... .
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US billionaire eyes Universal Music Group

Winston-Salem Journal 05 Jun 2021
Vivendi has talked of distributing 60% of Universal Music shares to its ... Vivendi plans to list shares of Universal Music on Euronext Amsterdam later this year and Pershing said Friday that it would distribute the acquired Universal Music shares to its stockholders at that point.
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Universal Music attracts the attention of US billionaire William Ackman

Yahoo Daily News 05 Jun 2021
Read full article ... Vivendi has talked of distributing 60 percent of Universal Music shares to its stockholders as part of any spinoff ... Vivendi plans to list shares of Universal Music on Euronext Amsterdam later this year and Pershing said Friday that it would distribute the acquired Universal Music shares to its stockholders at that point. Also See ... 1.
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Vivendi in talks to sell 10% of Universal Music to Bill Ackman's SPAC

The National 05 Jun 2021
Vivendi plans to distribute 60 per cent of the music business to its shareholders later this year and list it in Amsterdam ... Read More ... Smaller independent companies are luring artists away from the big majors by offering them distribution, marketing and rights management services deals, while allowing the musicians to keep control over their output. .
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Bill Ackman’s SPAC Fell 12% After Announcing Its Deal. That Could Be an Opportunity.

Barrons 05 Jun 2021
A Barron’s cover story detailed how his SPAC differed in terms from other special purpose acquisition companies ... Ackman’s SPAC, (ticker ... Instead, Pershing Square Tontine will distribute the newly acquired, Amsterdam-listed UMG stock to its shareholders, while Ackman will continue to pursue another deal with the blank-check company’s remaining cash ... .
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Ackman reinvents SPAC in Universal Music deal talks

Yahoo Daily News 04 Jun 2021
AMSTERDAM LISTING ... It has already sold chunks of Universal Music to a consortium led by Chinese giant Tencent, and plans to list Universal in Amsterdam by September as part of a two-step transaction to distribute 60% of the label to existing investors.
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