Elliott, Brookfield Near Agreement With Largest Nielsen Shareholder, Valuation Nears $10bn | Private Equity Insights

Houston-based WindAcre had taken steps to sink the deal, together with by way of looking to save you the corporate from going non-public thru a young be offering, which calls for reinforce from a easy majority of shareholders, as an alternative of the United Kingdom usual that calls for 75% reinforce.

Elliott and Brookfield agreed to obtain Nielsen in March for $28 a proportion. WindAcre had argued that the associated fee undervalued the corporate, and that its stocks may well be value $80 apiece by way of 2025.

Nielsen’s stocks have traded under the be offering worth because the deal was once introduced.

Under the phrases initial settlement being finalized Tuesday, the corporate stated WindAcre would sign up for the consortium and would obtain $28 ar proportion — the similar worth that will probably be paid to all different shareholders for its final stocks.

The corporate stated there is not any ensure the deal can be finished, but when it was once, a shareholder vote can be set “as expeditiously as possible.”

Source: Yahoo Finance

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