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Nielsen Sells More Shares
Nielsen has announced a further sale of shares - around $360m worth of its common stock - in a secondary offering.
The sale, via Valcon Acquisition Holding (Luxembourg), will offer 8m shares of common stock, with underwriters Citigroup granted the option to purchase an additional 1.2m shares. The last reported sale price of this stock was $45.21, on 27th February. A registration statement, including prospectus, have been filed with the SEC.
Four years on from its IPO, and with shares having almost doubled in that time following the purchases of Arbitron and Harris Interactive, Nielsen announced a sale of 20m shares in December 2014. It has since announced plans to move its legal domicile from the Netherlands to the UK in the third quarter of the year, to attract more or broader-based investment.
The firm, online at www.nielsen.com , reported flattish revenue of $1.6 billion in February.
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