9 Days
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المشهد العربي
Boluway urges Universal to decline Aciman's bid
Cyril Bouaurie, CEO of Bolloré Group, stated that he requested the board of Universal Music to reject Bill Ackman's takeover offer, pointing out that the proposed price was not appropriate and that the deal's financing relied on the company's funds rather than Ackman's private investments. He also expressed reservations about Ackman's management style, which he feels is incompatible with the group's strategies.
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