NIELSEN HOLDINGS PLC

NLSN
Delayed Nyse - 04:00 2022-10-11 pm EDT
27.98 USD +0.04%

Nielsen Announces Shareholder Approval of Transaction with Evergreen- and Brookfield-Led Consortium

09/01/2022 | 09:00am

On September 1, 2020, Nielsen Holdings plc announced that at a court meeting and special meeting of its shareholders held on September 1, 2022, its shareholders have approved the previously announced definitive agreement (the Transaction Agreement) for Nielsen to be acquired by a private equity consortium (the Consortium) composed of Evergreen Coast Capital Corp. (Evergreen), an affiliate of Elliott Investment Management L.P. (Elliott), and Brookfield Business Partners L.P. together with institutional partners (collectively Brookfield). Shareholders approved the $28.00 per share in an all-cash transaction valued at approximately $16 billion, including the assumption of debt.

The transaction, which is expected to close in October 2022, remains subject to customary closing conditions, including approval of the scheme of arrangement to implement the transaction by the UK Court and the delivery of a copy of the court order approving the transaction to the UK Companies Registry, as well as to the satisfaction of the other conditions set forth in the Transaction Agreement. Upon closing, Nielsen will become a private company, and its shares will no longer be traded on the New York Stock Exchange.

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