(Reuters) – Record label Universal Music Group (AS:) said on Saturday that billionaire Bill Ackman’s Pershing Square does not have any right to require UMG to become a U.S.-domiciled company or delist from Euronext (EPA:) Amsterdam.

Ackman on Friday said he would seek to delist investment firm Pershing Square Holdings and move the record label from Amsterdam, following attacks on Israeli soccer fans.