Dow Jones Newswires: Nielsen Holdings stock rockets after WSJ report of potential buyout
Nielsen Holdings PLC shares rose 42% to $24.95 after The Wall Street Journal reported earlier Monday that a group of private-equity firms including Elliott Management Corp. are in advanced talks to buy the TV-ratings company for about $15 billion including debt.
Trading was paused for volatility at 1:18 p.m. EDT and resumed five minutes later. It was paused again at 1:26 p.m. EDT and resumed five minutes later.
Financing talks with a number of banks are progressing and a takeover deal could be completed within weeks though there is no guarantee there will be a deal, The Journal reported.
had a market value of $6.2 billion Monday morning and a so-called enterprise value of more than $11 billion, given its hefty debt load of over $5 billion.
Write to Denny Jacob at email@example.com