Universal Music Group NV pushed back against billionaire Bill Ackman, saying his Pershing Square fund doesn’t have any right to require the company to become US domiciled or to delist from Euronext Amsterdam.

Record label Universal Music Group 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 Amsterdam.

Billionaire investor Bill Ackman is seeking board approval to delist Pershing Square Holdings (OTCPK:PSHZF) from the Euronext Amsterdam exchange, he wrote Friday in a post on X. The "tipping point" for the delisting was the Dutch police arresting over 60 individuals following an attack on Israeli football fans in Amsterdam,