UMG Board Expresses Confidence in Lucian Grainge After Pershing Square Bid

Universal Music Group's Board of Directors has issued a statement affirming its 'complete confidence' in CEO Lucian Grainge, following a proposal from Pershing Square.

7 Apr, 23:59 — 7 Apr, 23:59

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billboardMostly Factual139d ago

UMG Board of Directors Has ‘Complete Confidence in’ Lucian Grainge Following Pershing Square Bid

In a brief statement, the board said it would "review the proposal in accordance with its fiduciary duties and analyze its implications" for stakeholders.

By Chris Eggertsen

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UMG Board Expresses Confidence in Lucian Grainge After Pershing Square Bid

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UMG Board of Directors Has ‘Complete Confidence in’ Lucian Grainge Following Pershing Square Bid

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