NLSN - Nielsen sets new meetings on acquisition deal for Sept. 1
- Nielsen Holdings ( NYSE: NLSN ) has scheduled reconvened shareholder meetings in an updated proxy solicitation , backing reports that a sale of the company to private equity is on track after an agreement with shareholder WindAcre.
- Nielsen last week had said two meetings tied to its acquisition were postponed, and that it reached an agreement whereby WindAcre would join the consortium buying the company .
- Now both meetings - a UK Court Meeting and a special meeting of Nielsen shareholders - are rescheduled for Sept. 1, at 8:15 a.m. ET and 8:30 a.m. ET respectively. At the Court Meeting, holders will be asked to vote on the acquisition arrangement.
- WindAcre has agreed to invest $500M in an indirect parent company of Nielsen in exchange for issued securities after the close of the acquisition.
- The outside date for the deal moves to Oct. 14.
- An amended ownership statement shows WindAcre with a 27.3% stake in Nielsen .
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Nielsen sets new meetings on acquisition deal for Sept. 1