Private Equity Consortium Buys Nielsen For $16 Billion
A consortium led by BROOKFIELD BUSINESS PARTNERS and ELLIOTT MANAGEMENT CORP.'s EVERGREEN COAST CAPITAL CORP. is buying NIELSEN HOLDINGS PLC in an all-cash deal valued at about $16 billion ($28/share), including debt. BROOKFIELD is investing about $2.65 billion for preferred equity, convertible into 45% of NIELSEN’s common equity. The NIELSEN board unanimously approved the deal, at a 10% premium over the group's previous bid and 60% over the stock price as of the day before speculation ...