On Eve Of Meeting, VNU Shareholders Oppose Deal

  • April 18, 2006
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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