Billionaire investor Bill Ackman has announced plans to pull out his companies from the Euronext Amsterdam exchange.
On Thursday night, after a Europa League soccer game between Maccabi Tel Aviv and Dutch Ajax was over, dozens of Israeli fans were the target of an antisemitic attack. They were beaten and injured in violent clashes over the night. Dutch authorities have arrested 63 suspects in connection with the incident, and 10 remain in custody, police said.
The hedge fund manager announced his Pershing Square plans in a post on X, where he has 1.5 million followers, saying, “The events in Amsterdam in the last 24 hours provide a turning point that leads to this conclusion.” He further explained that most of the fund’s trading already occurs on the London Stock Exchange, making the move a strategic and moral decision.
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He also wrote that Pershing Square has the rights to move Universal Music Group from its headquarters and stock exchange from Amsterdam to the United States.
Ackman continues expressing his concern for the Western world, particularly Europe, on X: “It is time to completely rethink immigration policies globally. Living in the West is an incredible privilege. We should treat it as one. Open borders will kill Western civilization. Careful vetting of immigrants, standards for being part of Western society, and deportation for violating those standards will become essential features of immigration policies globally. Tell me why I am wrong.”
It is time to completely rethink immigration policies globally. Living in the West is an incredible privilege. We should treat it as one.
Open borders will kill Western civilization. Careful vetting of immigrants, standards for being part of Western society, and deportation for…
— Bill Ackman (@BillAckman) November 8, 2024
