Why Nielsen Stock Exploded Higher on Monday
Shares of Nielsen Holdings (NYSE: NLSN) charged sharply higher on Monday, surging as much as 47.1%. As of 2:56 p.m. ET, the stock was still up 32.3%.
The catalyst that sent the television ratings and data analytics platform higher was a rumor that the company could be taken private.
Reports emerged today that a syndicate of private-equity companies are in "advanced talks" to acquire Nielsen for roughly $15 billion including debt, according to a report in The Wall Street Journal. The story also suggests that, while it isn't a done deal, an agreement could be completed within weeks, citing the oft-quoted "people familiar with the matter."
Source Fool.com
