NLSN - Why Nielsen Holdings Stock Rocketed 21% at the Open Today
Shares of Nielsen Holdings (NYSE: NLSN) , a market research company, rose as much as 21% in early trading on Tuesday. There's no question about why the stock rose so much, given that the company has agreed to be taken private. Here are some of the key details.
Nielsen Holdings has agreed to sell itself to an investor group including Evergreen Coast Capital, which is an affiliate of Elliott Investment Management, and Brookfield Business Partners LP (NYSE: BBU) . The group will pay $28 per share in cash for each share of Nielsen Holdings. Including the assumption of debt, the total value of the transaction is roughly $16 billion. Although the board has approved the deal, it still has to pass muster with shareholders and regulators. Also, Nielsen has a short window in which it can solicit alternative offers.
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Why Nielsen Holdings Stock Rocketed 21% at the Open Today