Nielsen Shares Jump as It Accepts Takeover at 60 Percent Premium

Nielsen Shares Jump as It Accepts Takeover at 60 Percent Premium
The Nielsen logo is seen at the company's building in Espoo, Finland in February 2011. Google Maps/Screenshot via The Epoch Times
Benzinga
Updated:

An Elliott Management Corp. and Brookfield Asset Management Inc. led consortium agreed to acquire Nielsen Holdings PLC. for $28 a share.

The all-cash transaction valued Nielsen at $16 billion, including debt.

The offer price implied a 60 percent premium over Nielsen’s unaffected stock price as of March 11, before market speculation regarding a potential takeover.

Nielsen shares closed at $22.21 on March 28.

Nielsen recently dumped a takeover offer of $25.40 per share from a private equity consortium valuing Nielsen at $9 billion.

Nielsen aborted share buybacks previously approved by the board.

By Anusuya Lahiri
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