Nielsen Board OKs Additional $500 Million Stock Buyback
December 11, 2015 at 8:44 AM (PT)
The Board of Directors of NIELSEN HOLDINGS PLC has approved a new $500 million share repurchase authorization for the company’s common stock. The buyback is expected to be completed by the end of 2017 and is in addition to the existing $350 million buyback authorization.
CEO MITCH BARNS said, “Since 2013, NIELSEN has returned over $2 billion to shareholders through the payment of quarterly dividends and share repurchases, along with investing in critical growth initiatives across Watch and Buy. This is a testament to our balanced approach to capital allocation as well as the consistency of our business model and strong cash flow generation, all of which position us well to continue to create meaningful shareholder value in both the short and long term."