Pershing Square cashes out its stake as UMG buys back shares; five years of boardroom romance ends in a bitter split
Music giant says Pershing Square offer undervalues business and growth plans
Ackman pressure mounts as label posts €2.9bn revenue and strong subscription growth
Ackman pitches NYSE relisting plan as UMG board weighs unsolicited offer
The hedge fund boss wants to list the world's biggest record label in New York and thinks he knows exactly what ails it