Nielsen Holdings said that shareholders have voted to approve a $16bn transaction in which the measurement company would be acquired by a private equity group led by Elliott Investment Management and Brookfield Business Partners.
The transaction calls for Nielsen stock to be bought for $28 a share in cash.
The company said the transaction is expected to close in October.
Get the week’s top news delivered directly to your inbox – Sign up for our newsletter
Nielsen last month announced that it had received regulatory approval for the deal.
Two meetings were held. One was a court meeting in the U.K. The other was a special meeting of shareholders in the U.S. Nielsen last month reached an agreement with WindAcre Partnership, a major shareholder that had opposed the deal
Upon closing, Nielsen will become a private company, and its shares will no longer be traded on the New York Stock Exchange.
Source: Next TV
Can’t stop reading? Read more
August Equity makes move into legal sector with Higgs investment
August Equity makes move into legal sector with Higgs investment August Equity has taken a stake...
Fund Friday: Top fundraising news in private equity
Fund Friday: Top fundraising news in private equity Neuberger Berman is approaching the first...
Blackstone set to win Warehouse REIT takeover after Tritax concedes
Blackstone set to win Warehouse REIT takeover after Tritax concedes Blackstone is poised to secure...