NLSN - Nielsen holder WindAcre sought extra $1 billion to back company sale - Bloomberg

Nielsen (NYSE:NLSN) shareholder WindAcre said this week it would take steps to block the ratings giant's company sale to private-equity concerns - but WindAcre offered to support the deal if it received about another $1 billion in equity, Bloomberg reports. WindAcre has a 9.6% stake in Nielsen, and opposed the deal since it was a $25.40/share bid from Elliott Management and Brookfield Asset Management (BAM -2.1%). It now says it's looking to block the $28/share deal as it believes the company's intrinsic value is well over $40/share. (Nielsen is currently trading at $27.50.) During negotiations, though, WindAcre offered support for the deal if the P-E buyers granted it that $40/share private-company equivalent for each of its 86.5 million shares and options. That would have meant an additional $1.1 billion atop the rough $2.4 billion valuation of its existing securities. WindAcre also asked for an option to roll all or just a

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Nielsen holder WindAcre sought extra $1 billion to back company sale - Bloomberg