Pershing Square delisting from Euronext Amsterdam after Bill Ackman threat

Pershing Square delisting from Euronext Amsterdam after Bill Ackman threat

by

Pershing Square Holdings said Monday it plans to delist its shares from Euronext Amsterdam, after billionaire Bill Ackman urged its board last month.

The investment holding company, in which Ackman and his family own a 23% stake, said its shares will continue to be traded in dollars and pounds on the main market of the London Stock Exchange.

Delisting from Euronext Amsterdam and consolidating trading on the London Stock Exchange would reduce regulatory complexity and improve liquidity, Pershing Square Chairman Rupert Morley said in a statement.


Pro-Palestinian protesters near the soccer stadium in Amsterdam on Nov. 7. AP

Bill Ackman
Ackman last month announced his intention to delist the company from Amsterdam following attacks on Israeli soccer fans. Bloomberg via Getty Images

A formal application for delisting will be submitted to Euronext, the company said.

The move comes after Ackman last month announced his intention to delist the company from Amsterdam following attacks on Israeli soccer fans.

Read original article here

Denial of responsibility! Pioneer Newz is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – [email protected]. The content will be deleted within 24 hours.

Leave a Comment