NLSN - Nielsen ticks lower as holder WindAcre raises stake

Nielsen Holdings (NYSE:NLSN) fell 0.5% amid a disclosure that WindAcre Partners, the holder who is opposed to the TV measurement firm's sale to a private equity consortium, increased its stake to more than 25%, according to a filing. WindAcre last Friday raised its stake in Nielsen (NLSN) to 18.9% from 9.6% after purchasing about 33.4 million shares this last week for about $912 million 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). 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. WindAcre was originally opposed to Elliott and Brookfield 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.

For further details see:

Nielsen ticks lower as holder WindAcre raises stake