Elliott Management Nielsen Strategy Elliott Management

Nielsen Turns Down Latest Acquisition Offer From Private Equity Group

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Nielsen Holdings PLC has rejected an acquisition offer by a private equity group, which includes the activist firm Elliott Management, in a deal that would have valued the company at $15 billion.In a statement, the TV and video measurement firm said the offer “significantly undervalued the Company and did not adequately compensate shareholders for Nielsen’s growth prospects.”Chair of Nielsen’s board of directors James A.

Attwood said in a statement, “We continue to have strong confidence in the management team and Nielsen’s strategy to create long-term value for shareholders.

We are always open to exploring any avenue to create value for shareholders, but the Board is in agreement with WindAcre, one of our largest shareholders, that the Consortium’s proposal significantly undervalues the Company.

Further reflecting our confidence in the Company, we plan to commence share repurchases, which we expect to be an important element of our ongoing balanced capital allocation strategy.”Nielsen has been scrutinized for their methodologies in recent months.

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