Nielsen Aquires NetRatings
February 5, 2007 at 6:52 AM (PT)
The NIELSEN COMPANY and NETRATINGS INC. have entered into a merger agreement by which NIELSEN, which already owns approximately 60% of NETRATINGS, would acquire the NETRATINGS shares it does not currently own at a price of $21 per share in cash, for a total purchase price of approximately $327 million.
The NETRATINGS board of directors approved the merger agreement following the unanimous recommendation and approval of an independent special committee of the NETRATINGS board of directors. The transaction price represents a 44.1% premium over NETRATINGS' closing price on OCTOBER 6, 2006.