VNU Board Members May Resign If Sale Is Rejected
Mar 30, 2006, 8:00 AM
The battle over a deal to sell Dutch media and marketing research giant VNU has taken a new twist with key members of the board threatening to resign over a shareholder rebuke of the deal. Key institutional investors including Fidelity and Knight Vinke Asset Management are fighting board's agreement to sell VNU - the parent of Nielsen Media Research, ACNielsen, and various trade magazines - to a group of private equity firms for about $9 billion. On Thursday VNU CFO Rob Ruijter told the Financial Times that some board members would resign if the deal does not go through.