Nielsen Shareholders Approve $16bn Sale to Private Equity [Private Equity Insights]

Nielsen Holdings said that shareholders have voted to approve a $16bn transaction in which the measurement company would be acquired by a private equity group led by Elliott Investment Management and Brookfield Business Partners.

The transaction calls for Nielsen stock to be bought for $28 a share in cash.

The company said the transaction is expected to close in October.

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Nielsen last month announced that it had received regulatory approval for the deal.

Two meetings were held. One was a court meeting in the U.K. The other was a special meeting of shareholders in the U.S. Nielsen last month reached an agreement with WindAcre Partnership, a major shareholder that had opposed the deal

Upon closing, Nielsen will become a private company, and its shares will no longer be traded on the New York Stock Exchange.

Source: Next TV

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Author: Sebastian