Bill Ackman Wants Firm’s Listing On Amsterdam Stock Exchange Dropped After Antisemitic Attacks

Bill Ackman Wants Firm’s Listing On Amsterdam Stock Exchange Dropped After Antisemitic Attacks

Bill Ackman, the billionaire founder and CEO of Pershing Square Holdings, announced on Friday that he has sought approval from the hedge fund’s board to delist the company from Amsterdam’s stock exchange. This decision follows a series of antisemitic incidents in the Dutch city this week. In a detailed post on X, Ackman stated that he will request the board’s consent to remove Pershing Square’s listing on Euronext’s Amsterdam exchange, citing recent events in the city as a decisive factor. On Thursday, the Israeli Embassy in the Netherlands reported that fans of the Israeli soccer club Maccabi Tel Aviv were attacked by mobs chanting anti-Israel slogans in Amsterdam after a match against the Dutch club Ajax. Amsterdam police confirmed that 62 individuals were arrested and five were hospitalized following the attacks. They are also investigating reports of a potential hostage situation and missing persons. Dutch Prime Minister Dick Schoof condemned the antisemitic attacks, affirming that he had communicated with Israeli Prime Minister Benjamin Netanyahu and assured that the perpetrators would be pursued and prosecuted. Ackman noted that removing Pershing Square’s listing in Amsterdam would allow trading to focus on the company’s listing on the London Stock Exchange, which accounts for over 90% of its trading. Additionally, Ackman mentioned discussions with Universal Music Group, where he serves on the board, about relocating its listing from Amsterdam to the U.S., suggesting that such a move would provide significant benefits.

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