Universal Music’s Nearly $600 Million Stock Repurchase Program Hits the Ground Running
Universal Music’s Nearly $600 Million Stock Repurchase Program Hits the Ground Running — Major Buys Back 630,000+ Shares as Board Weighs Pershing Takeover Proposal
Universal Music Group (UMG) wasn’t kidding about its aggressive stock repurchase plans: Two weeks following the up to €500 million (currently $588 million) program’s announcement, the major has already bought back north of 630,000 shares.