Nielsen Holdings said that shareholders have voted to approve a $16 billion transaction in which the measurement company would be acquired by a private equity group led by Elliott Investment Management and Brookfield Business Partners.
The transaction calls for Nielsen stock to be bought for $28 a share in cash.
The company said the transaction is expected to close in October.
Nielsen last month announced that it had received regulatory approval for the deal.
Two meetings were held. One was a court meeting in the U.K. The other was a special meeting of shareholders in the U.S. Nielsen last month reached an agreement with WindAcre Partnership, a major shareholder that had opposed the deal
Upon closing, Nielsen will become a private company, and its shares will no longer be traded on the New York Stock Exchange. ■
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Jon has been business editor of Broadcasting+Cable since 2010. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Just about any story is fair game, if a dollar sign can make its way into the article. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago.