'Go Shop Period Ends in Buyout Deal for Audience Measurement Firm Nielsen.

MANews-(C)2009-2022

A 45-day "go-shop" period has expired in US-based audience measurement, data and analytics firm Nielsen Holdings plc's (NYSE: NLSN) definitive agreement to be acquired by a consortium of private investment funds led by Evergreen Coast Capital Corp., an affiliate of Elliott Investment Management L.P., and Brookfield Business Partners L.P., together with institutional partners, the firm said.

The USD 28 per share, all-cash transaction was agreed in March. It values the firm at approximately USD 16bn, including the assumption of debt.

Under the terms of the agreement, Nielsen and its representatives were permitted to solicit and consider alternative acquisition proposals from third parties until May 12, 2022.

During the "go-shop" period, Nielsen and its advisors actively solicited alternative acquisition proposals from third parties.

Nielsen representatives ultimately contacted over 30 parties, representing a mix of financial and strategic parties. Of such contacted parties, only one private equity firm executed a...

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