NLSN - Nielsen takeover offer said to see support from top holders
Nielsen's (NYSE:NLSN) $28/share deal with a PE consortium is said to be support by several top shareholders even as the TV/Internet measure company's top shareholder WindAcre, opposes the transaction. The investors are said to be satisfied with the raised offer to $28 from the original $25.40, which represented a 10% increase, according to Dealreporter item, which cited two unidentified top ten NLSN holders. A third holder told the publication that WindAcre hasn't given a compelling reason for other shareholders to rally behind its push against the deal. WindAcre earlier Thursday disclosed that it raised its stake to 25% as it continues to oppose the deal. Windacre purchase 12.6 million shares on Tuesday and Wednesday, spending about $155 million for the Nielsen shares, according to a filing. WindAcre has said it planned to take steps to block the $28/share sale of the TV measurement company to Elliott Management and Brookfield Asset Management (BAM). Nielsen has said the
For further details see:
Nielsen takeover offer said to see support from top holders