Nielsen Holdings Prices 20 Million Secondary Offering

Nielsen Holdings N.V. (NLSN) recently announced that Valcon Acquisition Holding (Luxembourg), the selling stockholder, has priced a secondary offering of 20 million shares.

The offering has been priced at $43.77 per share. The underwriters of the offering have an option to purchase up to 3,000,000 additional shares from the selling stockholder.

The shares will be sold by stockholders affiliated to The Blackstone Group, Thomas H. Lee Partners, Hellman & Friedman and AlpInvest Partners. Consequently, Nielsen will not obtain any proceeds from the equity offer.

Citigroup is acting as the underwriter for the note offering.

Also, in Jun 2014, Nielsen had announced a secondary public offering of 20 million shares. All the proceeds were received by the selling stockholders, Valcon Acquisition Holding, and it did not have any significant impact on the company’s overall financial position.

Nielsen Holdings N.V. is an information and measurement company providing clients with media and marketing information and analytics about what consumers watch (consumer interaction with television, online and mobile) and buy on a global and local basis. In the last reported quarter, the company’s revenues increased 13.3% year over year to $1.57 billion or 14.4% on a constant currency basis. However, earnings of 64 cents beat the Zacks Consensus Estimate of 62 cents on the back of higher revenues.

Currently, Nielsen has a Zacks Rank #3 (Hold). Other stocks that are performing well at the current levels include LifeLock, Inc. (LOCK), Stamps.com Inc. (STMP) and Geeknet, Inc. (GKNT), all carrying a Zacks Rank #1 (Strong Buy).

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