Pershing Square to delist from Euronext Amsterdam
FILE PHOTO: Bill Ackman, chief executive officer and portfolio manager at Pershing Square Capital Management, speaks during the SALT conference in Las Vegas, Nevada, U.S. May 18, 2017. REUTERS/Richard Brian/File Photo
(Reuters) - Pershing Square Holdings said on 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.
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.
(Reporting by Disha Mishra in Bengaluru; Editing by Shreya Biswas)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- South African president seeks to stop impeachment probe over 'Farmgate' scandal
- Brazil launches subsidized motorcycle credit program for app-based delivery drivers
- Bank of Italy trims Italy 2027 growth outlook, forecasts inflation jump
Create E-mail Alert Related Categories
ReutersRelated Entities
William Ackman, Pershing Square CapitalSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share