UMG says Pershing does not have right to require Amsterdam delisting

(Reuters) - Record label Universal Music Group (AS:UMG ) said on Saturday that billionaire Bill Ackman's Pershing Square does not have any right to require UMG to become a U.S.-domiciled company or delist from Euronext (EPA:ENX ) Amsterdam.

Ackman on Friday said he would seek to delist investment firm Pershing Square Holdings and move the record label from Amsterdam, following attacks on Israeli soccer fans.

Source: Investing.com