Why Nielsen Stock Rocketed Higher on Tuesday
Shares of Nielsen Holdings (NYSE: NLSN) charged sharply higher on Tuesday, surging as much as 21.5%. As of 10:55 a.m. ET today, the stock was still up 21.4%.
The catalyst that sent the television ratings and data analytics platform higher were reports that a deal had been reached that could allow a proposed buyout to move forward.
A consortium of private equity investors, led by Elliott Investment Management and Brookfield Business Partners, had inked a definitive agreement to buy Nielsen, but not everyone was on board with the buyout. Nielsen's largest shareholder, WindAcre Partnership (with 27% of the stock), had come out against the deal, suggesting it undervalued the company.
Source Fool.com
