Nov 11, 2024, 12:00 AM
Nov 8, 2024, 12:00 AM

Bill Ackman Demands Universal Music Group Move Listing After Antisemitic Attacks

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Highlights
  • Dutch Prime Minister Dick Schoof condemned antisemitic attacks in Amsterdam and pledged prosecution of those responsible.
  • Bill Ackman aims to focus trading on the London Stock Exchange by removing listings from Amsterdam.
  • Ackman has become a leading critic of rising antisemitism, urging for significant moves against it in the financial sector.
Story

Bill Ackman has called for the cancellation of Pershing Square’s listing on the Amsterdam Stock Exchange following a series of antisemitic attacks witnessed in the city. The Dutch Prime Minister, Dick Schoof, condemned these incidents, highlighting efforts to prosecute the individuals responsible. Amid rising antisemitism, Ackman, who has become an outspoken critic of such behavior, indicated that shifting the firm’s listing would streamline trading, as the London Stock Exchange already accounts for over 90% of it. Additionally, he is pushing for Universal Music Group's move to a U.S. listing, believing it could provide significant advantages amid the recent hostility aimed at the Jewish community in Europe, particularly influenced by escalating pro-Palestinian protests. These developments reflect Ackman's broader campaign against antisemitism, which has intensified in light of protests following recent violence involving the militant group Hamas and Israel.

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