NLSN - Nielsen gains on report that deal remains on track (update)

Update 11:35am : Adds new details from Dealreporter on date for UK court hearing.

Nielsen ( NYSE: NLSN ) ticked up 0.4% on a report that the company's planned sale to private equity firms remains on track after a recently announced agreement with holder WindAcre.

CNBC's David Faber said the deal remains on track. Nielsen will update its proxy with new details on the WindAcre agreement, Faber said, citing a person familiar. Faber said the stock had sold  off 0.7% on Wednesday on some concern, but he's told the deal remains on track.

Separately, Dealreporter said that the UK'S High Court has set a Sept. 22 to hear the proposed acquisition of Nielsen ( NLSN ). The publication also reiterated, citing sources familiar, that Nielsen and the consortium are going forward with the transaction and that Nielsen will update its proxy statement.

Nielsen jumped 21% last Tuesday after the tv/internet measurement firm's largest holder WindAcre reached an agreement with the consortium buying the company. Under the preliminary agreement, WindAcre would join the Consortium with respect to a portion of its shares and would receive $28 per share – the same price to be paid to all other shareholders – for its remaining shares.

WindAcre came to an agreement with the Elliott Investment affiliate Evergreen Coast Capital and and Brookfield Business Partners ( BBU ).

WindAcre, which has a 27% stake, was fighting the sale of the TV measurement company to Elliott and Brookfield (NYSE: BAM ). WindAcre was originally opposed to Elliott and Brookfield 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.

Nielsen ( NLSN ) in late March agreed to a $16B sale of the TV/Internet measurement company to a private equity consortium .

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