Brief: Nielsen To Be Bought By Evergreen-, Brookfield-Led Consortium For $16 Billion

Brookfield Business Partners LP

29/03/2022 12:38

March 29 (Reuters) - Nielsen Holdings PLC  NLSN.N :
    * NIELSEN ENTERS INTO AGREEMENT TO BE ACQUIRED BY EVERGREEN-
AND
BROOKFIELD-LED CONSORTIUM FOR $16 BILLION
    * NIELSEN HOLDINGS PLC - SHAREHOLDERS TO RECEIVE $28 PER
SHARE
    * NIELSEN HOLDINGS PLC - NIELSEN TO COMMENCE 45-DAY GO-SHOP
PERIOD
    * NIELSEN HOLDINGS PLC - TRANSFORMATIVE NIELSEN ONE PRODUCT
ROLLOUT REMAINS ON TRACK
    * NIELSEN HOLDINGS PLC - TRANSACTION VALUED AT APPROXIMATELY
$16
BILLION
    * NIELSEN HOLDINGS PLC - NO LONGER INTENDS TO COMMENCE SHARE
REPURCHASES UNDER BOARD'S PREVIOUSLY APPROVED AUTHORIZATION.
    * NIELSEN HOLDINGS PLC - NO FINANCING CONDITIONS TO CLOSING
OF
TRANSACTION.
    * NIELSEN HOLDINGS PLC - NIELSEN BOARD OF DIRECTORS VOTED
UNANIMOUSLY TO SUPPORT ACQUISITION PROPOSAL
    * NIELSEN HOLDINGS PLC - CONSORTIUM HAS SECURED FULLY
COMMITTED
DEBT AND EQUITY FINANCING
    * NIELSEN HOLDINGS PLC - TRANSACTION WILL ALSO BE SUBJECT TO
UK
COURT APPROVAL PURSUANT TO A SCHEME OF ARRANGEMENT
    * NIELSEN HOLDINGS PLC - BOARD OF DIRECTORS VOTED
UNANIMOUSLY TO
SUPPORT ACQUISITION PROPOSAL
    * NIELSEN HOLDINGS PLC - NO LONGER INTENDS TO COMMENCE SHARE
REPURCHASES UNDER BOARD'S PREVIOUSLY APPROVED AUTHORIZATION
    * NIELSEN HOLDINGS PLC - TRANSACTION WILL ALSO BE SUBJECT TO
UK
COURT APPROVAL PURSUANT TO A SCHEME OF ARRANGEMENT.
    * NIELSEN HOLDINGS PLC - TRANSACTION AGREEMENT PROVIDES FOR
A
"GO-SHOP" PERIOD
    * NIELSEN HOLDINGS PLC - GO-SHOP PERIOD EXPIRES 45 DAYS
AFTER
NIELSEN'S ENTRY INTO TRANSACTION AGREEMENT
    * NIELSEN - COMPETING BIDDER WHO MAKES A SUPERIOR PROPOSAL
WOULD
BEAR A $102 MILLION TERMINATION FEE PAYABLE BY NIELSEN IF
NIELSEN TERMINATES AGREEMENT
    * NIELSEN HOLDINGS PLC - J.P. MORGAN AND ALLEN & COMPANY LLC
ARE
ACTING AS LEAD FINANCIAL ADVISORS TO NIELSEN
    * NIELSEN HOLDINGS - CONSORTIUM'S FINANCING INCLUDES
APPROXIMATELY
$5.7 BILLION EQUITY COMMITMENT FROM CONSORTIUM CONSISTING OF
EVERGREEN AND BROOKFIELD
    * NIELSEN - NIELSEN BOARD VOTED UNANIMOUSLY TO SUPPORT
ACQUISITION
PROPOSAL, WHICH REPRESENTS A 10% PREMIUM OVER CONSORTIUM'S
PREVIOUS PROPOSAL

Source text for Eikon:  ID:nPn8pWBz3a 
Further company coverage:  NLSN.N 

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