NLSN - Nielsen holder WindAcre plans to block sale to private equity consortium

Nielsen (NYSE:NLSN) holder WindAcre said it plans to take steps to block the $28/share sale of the TV measurement company to a private equity consortium. WindAcre said it could try to block the transaction by  purchasing securities of Nielsen, voting against the deal, communicating with other shareholders or third parties, and proposing corporate resolutions, according to an amended 13/D filing.  WindAcre has a 9.6% stake in Nielsen and was originally opposed to Elliott and Brookfield Asset Management's (BAM) 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 said when it announced the sale agreement last week that a transaction could also be accomplished through a tender offer if the parties decide that's the best way to complete a deal. Also see, WindAcre appears to have exited swap position.

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Nielsen holder WindAcre plans to block sale to private equity consortium