Deals
Nielsen Falls After Rejecting Elliott-Backed Buyout Offer
- Nielsen shares decline nearly 9% in U.S. trading Monday
- Company rejects $25.40 offer following talks with Windacre
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Nielsen Holdings Plc rejected an acquisition proposal from a private equity consortium that had been close to acquiring the company, saying the offer significantly undervalued the company, sending shares plummeting.
Nielsen’s shares fell 8.9% in trading to $22.26 as of 9:49 a.m. in New York, giving the company a market value of roughly $7.9 billion.