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Nielsen Shareholders Approve Company Sale
Nielsen has received shareholder approval for its sale to a private equity consortium for $28.00 per share. The all-cash transaction is valued at approximately $16 billion, including the assumption of debt, and the transaction is expected to close in October.
In July, Nielsen received the necessary government regulatory approvals for the acquisition by the consortium, which comprises Evergreen Coast Capital Corp, an affiliate of Elliott Investment Management, and Brookfield Business Partners together with institutional partners. Upon closing, Nielsen will become a private company, and its shares will no longer be traded on the New York Stock Exchange.
The transaction remains subject to customary closing conditions, including approval of the scheme of arrangement to implement the transaction by the UK Court, and the delivery of a copy of the court order approving the transaction to the UK Companies Registry, as well as to the satisfaction of the other conditions set out in the transaction agreement.
The company, which is led by CEO David Kenny (pictured) is online at www.nielsen.com .
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