NLSN - Nielsen gains amid disclosure that holder WindAcre appears to have exited swap position

Nielsen (NYSE:NLSN) ticked higher in premarket trading after large holder WindAcre exited its swap position on the TV/Internet measurements company after the company agreed to a $28/share sale to Elliott/Brookfield Management (NYSE:BAM) on Tuesday. WindAcre has a 9.6% stake in Nielsen, though it previously had a swap position that gave the investor economic exposure equivalent to another 14.4%. WindAcre disclosed in a amended 13/D filing on Wednesday that it apparently exited the swap position. "Except as described herein, the Reporting Persons have no contracts, arrangements, understandings or relationships with respect to the securities of the Issuer," according to the filing. The disclosure comes as WindAcre was originally opposed to Elliott/BAM's earlier $25.40/share bid for Nielsen and said it would oppose the deal and use its efforts to block a transaction as it believed the company's  intrinsic value was well in excess of $40/share. WindAcre was notified of the new deal ahead of time,

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Nielsen gains amid disclosure that holder WindAcre appears to have exited swap position