🟢 Pershing Square Inc. is trading 7.3% up today as the company completes the sale of its Universal Music stake

Pershing Square Inc. is trading 7.3% up at $38.05 as the company finalizes the sale of its remaining stake in Universal Music Group, a move that is expected to generate significant profits and allow for capital redeployment.

• Reports from June 3rd and 4th confirm Pershing Square sold its remaining 80.6 million shares in Universal Music, valued at over $1.5 billion [9, 10, 12].
• The exit completes a five-year investment and follows UMG's rejection of Pershing's takeover bid in May 2026 [4, 12].
• The sale provides a significant cash infusion for Bill Ackman's firm, which investors may see as a positive catalyst for future investments.