NLSN - Nielsen gains after report Elliott-backed consortium mulling raising bid
Nielsen (NYSE:NLSN) rose 2.7% in after hours trading after a report that Elliott Investment Management and Brookfield Asset Management (BAM) are considering raising their $25.40/share offer for the TV/Internet measurement firm. Details of the potentially raised offer couldn't be learned, according to a Bloomberg report. The report comes after Nielsen rejected the $9 billion bid late Sunday, saying that it "significantly undervalued" the company. WindAcre, a large holder of the company, said it also didn't support the offer and planned to acquire direct ownership of sufficient shares to prevent shareholder approval of the proposed deal. WindAcre said it sees Nielsen's (NLSN) intrinsic value well in excess of $40/share, according to a statement from the investor on Sunday.
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Nielsen gains after report Elliott-backed consortium mulling raising bid