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Nielsen expands review to assess potential sale of the company, shares rally
Shares of Nielsen Holdings PLC rallied 2.4% in premarket trade Wednesday, after the TV-ratings company said it expanded its previously announced strategic review to assess a potential sale of the company. The company said it continues to assess a separation of its buy and watch segments. Nielsen said it has engaged J.P. Morgan Securities and Guggenheim Securities as financial advisors. Last week, the company named a new chief financial officer, and last month activist investor Elliott Management Corp. disclosed a large stake and said it planned to push the company to sell itself. The stock has tumbled 27.5% year to date through Tuesday, while the S&P 500 has gained 8.0%.
https://finance.yahoo.com/m/f219f78...ba80/nielsen-expands-review-to.html?.tsrc=rss
Shares of Nielsen Holdings PLC rallied 2.4% in premarket trade Wednesday, after the TV-ratings company said it expanded its previously announced strategic review to assess a potential sale of the company. The company said it continues to assess a separation of its buy and watch segments. Nielsen said it has engaged J.P. Morgan Securities and Guggenheim Securities as financial advisors. Last week, the company named a new chief financial officer, and last month activist investor Elliott Management Corp. disclosed a large stake and said it planned to push the company to sell itself. The stock has tumbled 27.5% year to date through Tuesday, while the S&P 500 has gained 8.0%.
https://finance.yahoo.com/m/f219f78...ba80/nielsen-expands-review-to.html?.tsrc=rss
