Nielsen Postpones $16 Billion Buyout Meeting to Deal With Dissident Shareholder

Nielsen Holdings Plc. on Aug. 9 announced that the court meeting and special vote of its shareholders due to be held today on the media ratings firm’s $16 billion acquisition by a private equity company have been postponed.

The events were delayed in order to reach a deal with dissident shareholder The WindAcre Partnership LLC, owner of about 27% of Nielsen’s common stock. WindAcre has opposed the buyout by private equity group Evergreen Coast Capital Corp., an affiliate of Elliott Investment Management L.P., and Brookfield Business Partners L.P.

Under a preliminary agreement, WindAcre would join the private equity groups based on its equity stake and would receive the same $28 per share price to be paid to all other shareholders for its remaining shares.

If WindAcre approves the deal, Nielsen said it would submit the agreement to shareholders for approval as expeditiously as possible.

Nielsen and the private equity groups remain bound by the terms of the proposed transaction, and Nielsen’s Board of Directors has made no change to its recommendation that its shareholders vote in favor of the proposed transaction.

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