News Brief
On Eve Of Meeting, VNU Shareholders Oppose Deal
Apr 18, 2006, 8:15 AM
On the eve of today's shareholders meeting, dissident investor Eric Knight Monday said he has received support from more than 70 percent of VNU's shareholder to block the Dutch company's $9 billion plus sales to a group of private equity firms. Knight, chairman of Knight Vinke Asset Management, has opposed the deal and has advocate an alternative proposal in which VNU sells only a partial stake, and find other ways of increasing shareholder value. VNU is the parent of Nielsen Media Research, ACNielsen and various trade publications.
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