According to WSJ, Nielsen Holdings (NLSN) approached by Consortium Including Elliott

  • March 15, 2022

POTENTIAL DEAL DETAILS

StockNielsen Holdings plcSymbolNLSN
Date Announced03/14/2022Source Wall Street Journal
TypeUnsolicited BidAcquiring Company/Person Evergreen Coast Capital Corporation
Date of Confirmation: 03/29/2022Price at Confirmation: $26.80
Potential Profit: 17.29%Annualized Profit: 420.64%

A consortium of private-equity firms including Elliott Management Corp. is in advanced talks to buy TV-ratings company Nielsen Holdings PLC (NLSN) for about $15 billion including debt, according to people familiar with the matter.

Update(s):

March 20, 2022: Nielsen Holdings plc (NLSN) announced that its Board of Directors has determined not to proceed with an unsolicited acquisition proposal from a private equity consortium that valued the Company at $25.40 per share.

March 22, 2022: Elliott Investment Management and Brookfield Asset Management Inc. are weighing a sweetened bid for Nielsen Holdings Plc  (NLSN) after the information-services company rejected the previous offer, according to people familiar with the matter.

March 29, 2022: Nielsen Holdings plc (NLSN) announced that it has entered into a definitive agreement to be acquired by a private equity consortium led by Evergreen Coast Capital Corporation, an affiliate of Elliott Investment Management L.P., and Brookfield Business Partners L.P. together with institutional partners for $28 per share in an all-cash transaction valued at approximately $16 billion, including the assumption of debt.

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