Daily Research News Online

The global MR industry's daily paper since 2000

Nielsen Gets Government Approval for Takeover

July 29 2022

Nielsen has received the necessary government regulatory approvals for its proposed acquisition by a consortium of private investment funds. Nielsen's shareholders are next to vote on the deal.

Nielsen Gets Government Approval for Proposed TakeoverIn March, Nielsen rejected an initial $25.40 per share bid from the consortium, led by Evergreen Coast Capital Corp, an affiliate of Elliott Investment Management, and Brookfield Business Partners, together with institutional partners. A week later, the same consortium made an improved bid of $28.00 per share, valuing the business at c.$16bn, which the Nielsen Board said represented an 'attractive outcome' for shareholders.

Proxy advisory firm Glass Lewis has recommended that shareholders vote for the proposal to approve the proposed transaction, after a recent report from Institutional Shareholder Services also recommended that shareholders vote in favor of the takeover. There will be two Nielsen shareholder meetings scheduled for August 9 - a 'court meeting' and a 'special meeting' - and the main business of these meetings is to vote on the proposed $28.00 per share deal.

Web site: www.nielsen.com .

All articles 2006-22 written and edited by Mel Crowther and/or Nick Thomas unless otherwise stated.

Select a region below...
View all recent news
for UK
UK
USA
View all recent news
for USA
View all recent news
for Asia
Asia
Australia
View all recent news
for Australia

REGISTER FOR NEWS EMAILS

To receive (free) news headlines by email, please register online