- An Elliott Management Corp and Brookfield Asset Management Inc (NYSE:BAM) led consortium agreed to acquire Nielsen Holdings PLC (NYSE:NLSN) for $28 a share.
- The all-cash transaction valued Nielsen at $16 billion, including debt.
- The offer price implied a 60% premium over Nielsen's unaffected stock price as of March 11, before market speculation regarding a potential takeover.
- Nielsen shares closed at $22.21 on March 28.
- Nielsen recently dumped a takeover offer of $25.40 per share from a private equity consortium valuing Nielsen at $9 billion.
- Nielsen aborted share buybacks previously approved by the board.
- Price Action: NLSN shares traded higher by 21.7% at $27.03 on the last check Tuesday.
