The sale of NIELSEN to a consortium headed by ELLIOTT MANAGEMENT GROUP s EVERGREEN COAST CAPITAL CORP. and BROOKFIELD BUSINESS PARTNERS has taken another major step towards completion with shareholders voting to approve the deal at $28 per share, valuing the company at about $16 million. The vote came at a court meeting and special shareholders meeting TODAY (9/1).The sale is now expected to close in OCTOBER, pending approval by the U.K. courts; the company will become private upon closing.
The stock market was unkind to NIELSEN HOLDINGS PLC in premarket trading MONDAY (3/21) after the company s Board of Directors rejected a $9 billion, $25.40/share takeover bid from an investment group led by ELLIOTT MANAGEMENT GROUP on SUNDAY (3/21). Shares dropped 17.55% in trading as of 8:15a (ET) to $20.15/share before the opening bell, blamed on the board s response to the offer, which said that another investment firm, WINDACRE PARTNERSHIP LLC, holder of 9.61% of NIELSEN plus an .