Cyrille Bolloré, Chair and CEO of the Bolloré Group, has encouraged Universal Music Group (UMG) management to reject a $64.4B offer from Bill Ackman’s Pershing Square. Speaking at the Bolloré Group AGM in Paris on Wednesday, Bolloré said he believed the offer undervalued the company and also questioned whether Ackman’s management style suited the music […]

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Source: Deadline.