Nielsen Shares Jump as It Accepts Takeover at 60 Percent Premium

By Benzinga
Benzinga
Benzinga
March 30, 2022 Updated: March 30, 2022

An Elliott Management Corp. and Brookfield Asset Management Inc. led consortium agreed to acquire Nielsen Holdings PLC. for $28 a share.

The all-cash transaction valued Nielsen at $16 billion, including debt.

The offer price implied a 60 percent premium over Nielsen’s unaffected stock price as of March 11, before market speculation regarding a potential takeover.

Nielsen shares closed at $22.21 on March 28.

Nielsen recently dumped a takeover offer of $25.40 per share from a private equity consortium valuing Nielsen at $9 billion.

Nielsen aborted share buybacks previously approved by the board.

By Anusuya Lahiri

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