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Bill Ackman's Pershing Square has closed the book on one of its most ambitious activist campaigns.
EWING, N.J.--(BUSINESS WIRE)---- $OLED #OLED--Universal Display Corporation to hold virtual 2026 Annual Meeting of Shareholders on June 18, 2026, at 10:00 a.m. ET.
Universal Music Group (AEX:UMG) shares fell on Thursday after Bill Ackman's Pershing Square Capital Management sold its remaining holding in the music company, bringing an end to a five-year investment. According to media reports, Pershing Square sold approximately 80.6 million UMG shares through a private placement at €17.66 per share, representing roughly an 8% discount to Wednesday's closing price.
Universal Music Group said on Thursday it has repurchased some of the shares sold by Bill Ackman's Pershing Square , after the billionaire investor's takeover proposal for the music company was rejected.
Universal Music shares fell on Thursday after billionaire investor Bill Ackman's Pershing Square Capital Management sold its remaining stake in the world's largest music company, ending a five-year investment that is expected to generate profit of at least $600 million. The disposal involved approximately 80.6 million Universal Music shares valued at more than $1.5 billion, according to a Wall Street Journal report.
Universal Music Group shares deepened their year-to-date loss after Pershing Square exited the world's biggest music company five years after its initial investment.
The hedge-fund firm first invested in the company in 2021 and has failed to clinch two proposed deals.
OSE Immunotherapeutics Reports Full Year 2025 Audited Consolidated Financial Results and Announces the Filing of its 2025 Universal Registration Document
Bill Ackman's Pershing Square is looking to sell its stake in Universal Music Group , Bloomberg News reported on Wednesday, days after the music industry giant rebuffed the billionaire investor's takeover proposal.
Universal Corp (UVV) faces ongoing top- and bottom-line pressure due to persistent tobacco oversupply and margin compression. I shift from a buy to a hold rating, awaiting evidence of top-line growth and improved profitability before turning bullish again. UVV's 6.13% dividend yield remains attractive, but dividend safety is in question as free cash flow barely covers payouts.
EWING, N.J. & CHENGDU, China--(BUSINESS WIRE)---- $OLED #OLED--UDC announced the grand opening of its OLED Technology and Innovation Center in Chengdu, China.
Hydro Flask will work across UMG's global network of studios, songwriting sessions, and events to encourage the reduction of single-use beverageware by integrating reusable hydration solutions Launching with a special event at the iconic Abbey Road Studios, the sustainability-focused global collaboration will unfold throughout the year with activations and events featuring Gigi Perez, Sekou, and additional surprise artists LOS ANGELES and LONDON, June 2, 2026 /PRNewswire/ -- Hydro Flask® , an award-winning leader in high-performance insulated products, and Universal Music Group (UMG), the world leader in music-based entertainment, today announce a new global partnership to encourage the reduction of single-use beverage waste within the music industry. Built as a long-term creative collaboration — from songwriting sessions and recording studios to live events and artist experiences — Hydro Flask will support the artists, songwriters, producers and fans shaping culture by creating access to reusable hydration solutions that minimize impact on the natural environments that inspire creativity.
HILVERSUM, The Netherlands, June 1, 2026 /PRNewswire/ -- Universal Music Group N.V. (EURONEXT: UMG) ("UMG" or "the Company") today announced that in the period from May 25, 2026 up to and including May 29, 2026 a total of 711,279 of its own shares were repurchased by the Company at an average price per share of €20.01 for a total consideration of €14,233,389. These repurchases have been made as part of the Company's €500 million share buyback program as announced on March 30, 2026.
This is a developing story.
Universal's biggest shareholder is opposed to deal, saying it undervalued the world's largest music company.
Universal Music Group's board declined an unsolicited takeover proposal from Bill Ackman's Pershing Square on Friday.
Universal Corporation (UVV) Q4 2026 Earnings Call Transcript
Universal NYSE: UVV said its fiscal 2026 results were pressured by a non-cash goodwill impairment in its ingredients business and higher inventory write-downs tied mainly to non-wrapper dark air-cured tobacco, even as management described the company's core flue-cured and burley tobacco operations as solid.
Universal Corp. (UVV) came out with a quarterly loss of $0.46 per share versus the Zacks Consensus Estimate of $1.08. This compares to earnings of $0.8 per share a year ago.
RICHMOND, Va.--(BUSINESS WIRE)--Universal Corporation (NYSE:UVV) (“Universal” or the “Company”), a global business-to-business agriproducts company, today announced financial results for the fiscal year and fourth quarter ended March 31, 2026. “Our fiscal year 2026 performance reflected solid execution across much of our business amid a markedly different operating environment than the prior year,” said Preston D. Wigner, Chairman, President, and Chief Executive Officer of Universal. “Coming of.
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Universal Insurance Holdings, Inc. (NYSE: UVE) (“Universal” or the “Company”) today announced the completion by Universal Property & Casualty Insurance Company (“UPCIC”) and American Platinum Property and Casualty Insurance Company (“APPCIC”), the Company's wholly-owned insurance company subsidiaries, of their combined 2026-2027 reinsurance program, effective June 1, 2026. “We are pleased to announce the completion of the 2026-2027 reinsurance program.
28 May 2026 - Alstom registered its Universal Registration Document with the AMF on 28 May 2026. This document is made available to the public free of charge under the conditions provided for by applicable regulations.
Ackman announced his bid to acquire the record label in April, saying the company's “stock price has languished due to a combination of issues that are unrelated to the performance of its music business.” Ackman's transaction would merge the record label with Pershing Square SPARC Holdings, move UMG's primary stock listing from Amsterdam to the New York Stock Exchange and would value the company at about $35.13 per share.
Cyrille Bollore, the chief executive of the Bollore Group, called on the record label to ditch the bid from Pershing Square Capital, saying that it undervalued Universal.
Cyrille Bollore, chief executive of the Bollore Group, said on Wednesday he was urging Universal Music Group's management to reject Bill Ackman's takeover proposal, citing three key objections: the price was too low, the deal used UMG's own money rather than Ackman's, and Ackman's management style was incompatible with the label's long-term strategy.
Significant achievement underscores successful execution of company's North Star strategy PHOENIX, May 26, 2026 /PRNewswire/ -- Universal Technical Institute, Inc. (NYSE: UTI), a leading workforce solutions provider of transportation, skilled trades and healthcare education programs, today announced it is joining the S&P SmallCap 600® Index, effective prior to the opening of trading on Wednesday, May 27, 2026. The S&P SmallCap 600 Index seeks to measure the small-cap segment of the U.S. equity market.
Universal Music Group (UMG) and TikTok recently announced the renewal of their licensing agreement, which includes a commitment to get rid of unauthorized AI-generated music from the platform improve how artists and songwriters are credited.
The press release called it “landmark.” The real story is control.
Licensing agreement will allow listeners to use AI to create content on streaming platform for first time
RICHMOND, Va.--(BUSINESS WIRE)--Universal Corporation (NYSE:UVV), a global business-to-business agriproducts company, will webcast its conference call at 10:00 a.m. Eastern Time on May 29, 2026. The Company will release its results for fiscal year 2026 after market close on May 28, 2026. A live webcast of the conference call will be available online on a listen-only basis at www.universalcorp.com. A replay of the webcast conference call will be available at that site through August 29, 2026. A.
Watch out, Suno. Spotify on Thursday announced it has partnered with Universal Music Group (UMG) to allow fans to use generative AI technology to create covers and remixes of their favorite songs.
Spotify has struck a deal with Universal Music Group to let subscribers create AI-generated covers and remixes of songs, marking the first time the audio-streaming giant will allow users to produce AI content using its platform.
Vancouver, British Columbia--(Newsfile Corp. - May 20, 2026) - Universal Digital Inc. (CSE: LFG) (OTCQB: LFGMF) (FSE: 8R20) ("Universal Digital" or the "Company") announces that it has signed an amended and restated promissory note with conversion rights dated May 20, 2026 with Helena Global Investment Opportunities 1 Ltd. ("Helena"), an arm's length party.
When Shopify unveiled its new Universal Commerce Protocol (UCP) earlier this year in partnership with Google, it marked the introduction of what is referred to as agentic commerce, a new era of e-commerce in which AI shapes how online shoppers discover, engage with and purchase products.
TORONTO, May 20, 2026 (GLOBE NEWSWIRE) -- Fairfax India Holdings Corporation (“Fairfax India”) (TSX: FIH.U) has filed a short form base shelf prospectus with the Canadian securities regulatory authorities in connection with Fairfax India's universal shelf renewal. The shelf prospectus renewal allows Fairfax India to offer from time to time over a 37-month period an unlimited number of debt, equity or other securities.
RICHMOND, Va.--(BUSINESS WIRE)--Universal Corporation (NYSE:UVV), a global business-to-business agriproducts company, announced today that its Board of Directors declared a quarterly dividend of eighty-three cents ($0.83) per share on the common shares of the Company, payable August 3, 2026, to shareholders of record at the close of business on July 13, 2026. This increase indicates an annualized rate of $3.32 per common share and a yield of approximately 6.1% based on the $54.46 per share clos.
At I/O on Tuesday, Google introduced Universal Cart, its so-called agentic hub for managing shopping in one place. The tech giant also announced updates to its Agent Payments Protocol (AP2) and teased that it would bring the technology to Google products in the coming months, enabling users to authorize agents to make payments on their behalf.
HILVERSUM, The Netherlands, May 18, 2026 /PRNewswire/ -- Universal Music Group N.V. (EURONEXT: UMG) ("UMG" or "the Company") today announced that in the period from May 11, 2026 up to and including May 15, 2026 a total of 1,082,998 of its own shares were repurchased by the Company at an average price per share of €20.00 for a total consideration of €21,659,498.
Universal Music Group N.V. (UNVGY) Presents at J.P.
Vancouver, British Columbia--(Newsfile Corp. - May 15, 2026) - Universal Digital Inc. (CSE: LFG) (OTCQB: LFGMF) (FSE: 8R20) ("Universal Digital" or the "Company") announces that it has terminated its partnership with LongPoint Asset Management Inc. ("LongPoint") today with respect to the ETFs that it previously co-sponsored with LongPoint under its "LFG" brand. The Company will no longer act as a promoter or brand sponsor of these ETFs.
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Nuro, Inc. (“Nuro”), a leader in autonomous driving technology, today announced it is establishing operations in Germany, creating its first on-the-ground presence in Europe and extending the Nuro Driver™, its scalable Level 4 AI driver, into another major global market. Located in the Munich area, Nuro's Germany office will serve as the company's European hub, supporting engineering, operations, and partner engagement. The new presence brings Nuro closer.
HILVERSUM, The Netherlands, May 13, 2026 /PRNewswire/ -- Universal Music Group N.V. ("UMG" or "the Company") today announced the results of its 2026 Annual General Meeting of Shareholders ("AGM") held earlier today.
Universal Health Realty Income Trust earns a 'Hold' rating, offering a 7.34% yield but trading near fair value. UHT's 40-year dividend growth streak remains intact, though a payout ratio of 85% limits future increases. Key risks include Medicaid reimbursement cuts from OBBBA and $359.5M floating-rate debt maturing in 2028.
Invesco High Yield Equity Dividend Achievers ETF (NYSEARCA:PEY) owns the 50 highest-yielding U.S.
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Universal Electronics Financial Results for the First Quarter 2026.
Availability of the 2025 Universal Registration Document Bagneux, 11 May 2026, Quadient (Euronext Paris: QDT) announces that it has filed its 2025 Universal Registration Document, in xHTML format, with the French Financial Markets Authority (Autorité des marchés financiers – AMF), on 7 May 2026. The 2025 Universal Registration Document notably includes: The 2025 annual financial report; The Board of Directors' report on corporate governance; The description of the share buyback program; The reports from the Statutory Auditors; The management report including the sustainability-related information; and The certification report on sustainability-related information.
Starz CEO Jeff Hirsch said the company has exited its pay-2 deal with Universal as it revisits content costs a year into its run as a standalone. “As we have continued to highlight, right-sizing the content cost structure of the business has been paramount to reaching our stated goal of 20% margin.
Investors love dividend stocks because they provide dependable passive income streams and an excellent opportunity for solid total return.
Company Delivers Another Strong Quarter Driven by Robust Demand and Consistent Execution, Reaffirming Full-Year Outlook PHOENIX, May 6, 2026 /PRNewswire/ -- Universal Technical Institute, Inc. (NYSE: UTI), a leading workforce solutions provider of transportation, skilled trades and healthcare education programs, reported financial results for the fiscal 2026 second quarter ended March 31, 2026. Universal Technical Institute, Inc. operates in two reportable segments, Universal Technical Institute (UTI) and Concorde Career Colleges (Concorde), and together with its segments and subsidiaries is referred to as the "Company," "we," "us" or "our.
EWING, N.J.--(BUSINESS WIRE)---- $OLED #OLED--UDC announced its participation in investor and industry conferences taking place in May, June and July 2026.
Pershing Square founder and CEO Bill Ackman says succession at the company is already in place. Speaking with Bloomberg's Dani Burger at the Milken Institute Global Conference in Beverly Hills, California, Ackman also discusses his bid for Universal Music Group, the rise of prediction markets and offers his views on New York City Mayor Zohran Mamdani.
Universal Logistics Holdings reported a challenging 1Q26, with revenues down 4% and operating income collapsing nearly 70% YoY. ULH's financials are under pressure, with operational profits insufficient to cover interest expense and cash flow buoyed only by unsustainable underinvestment. Material reporting uncertainties exist, including restated impairment charges, internal control weaknesses, and a recent auditor change, demanding heightened investor caution.
First Quarter 2026 Operating Revenues: $367.6 million First Quarter 2026 Operating Income: $4.8 million First Quarter 2026 Earnings Per Share: $(0.13) per share Declares Quarterly Dividend: $0.105 per share WARREN, Mich., May 1, 2026 /PRNewswire/ -- Universal Logistics Holdings, Inc. (NASDAQ: ULH) today reported consolidated first quarter 2026 net loss of $(3.5) million, or $(0.13) per basic and diluted share, on total operating revenues of $367.6 million.
OLED Q1 earnings and revenues miss as weak demand, mix shifts and lower volumes weigh, prompting a 2026 revenue outlook cut amid uncertainty.
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns a BBB issuer rating to Universal Insurance Holdings, Inc. (NYSE: UVE) and a BBB preliminary long-term credit rating (LTCR) to UVE's proposed $100 million fixed-rate senior unsecured notes (Notes) due 2031. The Outlook for both ratings is Stable. UVE intends to use the net proceeds from the proposed offering to refinance its existing $100 million 5.625% senior unsecured notes due November 30, 2026, thereby extending UVE's debt maturity profile to 2031, as.
EWING, N.J.--(BUSINESS WIRE)---- $OLED #OLED--Universal Display Corporation today announced a $400 million share repurchase authorization and 2Q2026 cash dividend of $0.50 per share.
EWING, N.J.--(BUSINESS WIRE)---- $OLED #OLED--Universal Display Corporation (Nasdaq: OLED) today reported financial results for the first quarter ended March 31, 2026.
Shares in Amsterdam fell more than 7% and the stock has fallen about 30% over the past 12 months.
Universal Music Group N.V. (UNVGY) Q1 2026 Earnings Call Transcript
EWING, N.J.--(BUSINESS WIRE)---- $OLED #OLED--UDC announced that it will present an invited paper on high-efficiency blue and showcase OLED technology advancements at SID Display Week 2026.
