Shareholder Preps VNU Buyout, Identifies New CEO

  • April 19, 2006
Dissident VNU shareholder Knight Vinke Tuesday said it is prepared to underwrite part of the cost of buying out the Dutch research and publication company if shareholders reject the $9 billion-plus offer from a group of private equity firms, reports the Financial Times. Knight Vinke Managing Director Eric Knight also told the paper that the company, which owns 1.2 percent of VNU, the parent of Nielsen Media Research, ACNielsen and various trade magazines, said the company also has identified a "world class" candidate to become CEO of VNU. That candidate is expected to have experience in the U.S. media industry.
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