NLSN - Nielsen rejects $25.40/share proposal from consortium plans to repurchase shares
Nielsen Holdings plc (NYSE:NLSN) rejected a $25.40/share offer from a private equity consortium, saying that it "significantly" undervalued the TV/Internet ratings company. Nielsen's board "unanimously determined that the consortium's offer significantly undervalues the company and does not adequately compensate shareholders for Nielsen's growth prospects," according to a statement. The rejection followed reports last week that a consortium of Elliott Management and Brookfield Asset Management (BAM) were in advanced talks to purchase the company for $15 billion, including debt. Developing story ..
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Nielsen rejects $25.40/share proposal from consortium, plans to repurchase shares