Nielsen Holdings turned down a takeover offer from a private-equity consortium that has valued the company at $25.40 per share
According to The Wall Street Journal, the private-equity
group included Elliott Management, looking to buy the TV-rating company for
approx. $15 billion, including debt. The New York-based conglomerate rejected
the offer because it undervalues the company and doesn’t adequately compensate
According to specialists, the buyout could be a relief to
Nielsen, which struggled as a public company over the years. Elliott has been
an investor in Nielsen
since 2018 and pushed the company to make changes such as hiring a new CEO,
installing several new directors, selling assets, and authorizing a $1 billion
share repurchase. Nielsen announced that it intends to begin the buyback
The market reacted negatively to the news, with Nielsen
stock price trading 17.59% lower.
Sources: barrons.com, Bloomberg.com
This information prepared by ClickTrades.com is not an offer or a solicitation for the purpose of purchase or sale of any financial products referred to herein or to enter into any legal relations, nor an advice or a recommendation with respect to such financial products.
This information is prepared for general circulation. It does not have regard to the specific investment objectives, financial situation or the particular needs of any recipient.
You should independently evaluate each financial product and consider the suitability of such a financial product, by taking into account your specific investment objectives, financial situation or particular needs, and by consulting an independent financial adviser as needed, before dealing in any financial products mentioned in this document.
This information may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Company’s prior written consent.
Past performance is not always indicative of likely or future performance. Any views or opinions presented are solely those of the author and do not necessarily represent those of ClickTrades.com.
Gap beats on revenue
NIO considers licensing electric car battery swap tech