Wall Street Analyst: No 'White Knight' Scenario For Nielsen, Downgrades Stock

An influential Wall Street analyst has downgraded Nielsen’s stock from “outperform” to “market perform,” and lowered its price projection estimates, following the expiration of an option for it to find other takeover suitors.

“The Go-Shop expired last week and removed any ‘white knight’ scenario,” BMO Capital Markets’ Daniel Salmon wrote in a note sent to investors late Sunday.

“We think the most likely scenario at this stage is a blocking of the scheme of arrangement by WindAcre, followed by a tender offer by the consortium,” he explained referring to an attempt by an activist shareholder to block a consortium of private equity firms from taking Nielsen private.



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