Dissident Shareholder Agrees To VNU Buyout, Deal Seen As Fait Accompli

  • May 19, 2006
The sale of VNU looked more likely late Thursday following an announcement that a top VNU investor has agreed to sell its stake to the group of private equity firms that are trying to take it private, presumably in preparation for a break-up. Knight Vinke Asset Management, the dissident shareholder that had been rallying other shareholders to resist the $9.7 billion offer, agreed to sell its 1.3 percent stake in VNU, the parent of Nielsen Media Research, ACNielsen and various trade publications.
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