Elliott Management Takes 8.4% Stake In Nielsen, Urging Company To Explore 'Strategic Options'

For Sale?

THE WALL STREET JOURNAL reports, "The board of NIELSEN HOLDINGS said WEDNESDAY (9/12) that it is open to reviewing more strategic options for the company amid activist pressure to either sell or spin off parts of it."

The report notes ELLIOTT MANAGEMENT "said it had taken an 8.4% stake in NIELSEN, valued at around $660 million at the time, and would push the company to look into strategic options including a sale," adding, "NIELSEN’s board said WEDNESDAY that it had expanded the scope of its previously announced strategic review and would consider a broader range of options, including whether to take the company private, separate its 'buy' or 'watch' segments, or explore a sale of the company."

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