United Statesshrholdact

Pershing Square has proposed a combination with Universal Music that would move the listing into a US-based acquisition vehicle. Bill Ackman's fund said the deal will value the world's biggest music label at a 78% premium to its last closing price. Bloomberg's Neil Campling reports.

Geopolitics, market volatility, and the rise of AI are all colliding with shareholder activism this year. What it means for proxy fights, dealmaking, and the pressure on corporate boards is coming into focus.  Kai Liekefett, Co-Chair of Shareholder Activism Practice at Sidley joined Bloomberg Open Interest to talk about why activists may be holding back and what's building beneath the surface.