Stock Groups

Brookfield-Led consortium to buy Nielsen in $16 billion deal -Breaking

by Mike Robinson

[ad_1]

© Reuters. A Target employee looks at the television in a Target store, Chicago, Illinois. U.S. November 29, 2019, 2019. REUTERS/Joshua Lott

(Corrects the premium at paragraph 3 to 22,.5%, starting from 60%

(Reuters) -Nielsen Holdings stated Tuesday that they would acquire the company in an all-cash transaction valued at $16billion including debt. The deal was arranged by a number of private equity companies led by Brookfield Asset Management Inc.

The deal’s equity value was $10.06 billion.

Nielsen shares will receive $28 from the group. This is 22.5% above closing stock on March 14.

After initially stating that Nielsen had declined a $9.1 billion buyout offer from a consortium private equity, the board decided the deal would severely undervalue the company.

This transaction should close during the second half 2022.

Disclaimer: Fusion MediaThis website does not provide accurate and current data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information, including buy/sell signal data. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.

[ad_2]