After antisemitic attacks in Amsterdam, billionaire Bill Ackman called on Universal Music to delist from the city; UMG says he doesn't have that right.

The hedge-fund billionaire said he wanted to terminate the Amsterdam listings of Pershing Square Holdings and Universal Music Group after violence in the Dutch capital that authorities called antisemitic attacks.

Billionaire Bill Ackman said on Friday he would seek to delist investment firm Pershing Square Holdings and move record label Universal Music Group away from Amsterdam, following attacks on Israeli soccer fans.

The hedge fund billionaire said “events” in Amsterdam were an “appropriate tipping point,” after dozens of people were arrested for antisemitic attacks in the city.

Hedge fund manager says he'll delist investment firm Pershing Square from Euronext following riots and antisemitic violence against Israeli soccer fans in Amsterdam

Universal Music Group (OTCPK:UMGNF) (OTCPK:UNVGY) said on Saturday that Bill Ackman's Pershing Square (OTCPK:PSHZF) does not have the right to require the company to become U.S. domiciled or to delist from Euronext Amsterdam.

The hedge fund billionaire requested the company’s listing be dropped following a series of antisemitic attacks in the Dutch city.

A UMG spokesperson said that he "does not have any right to require UMG to become a U.S. domiciled company or delist from Euronext Amsterdam," but that it "will endeavor in good faith to comply with its contractual obligations.