Nielsen Prices 20M Secondary Offering - Analyst Blog

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 $47.92 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 stockholder affiliated to The Blackstone Group, The Carlyle Group, Thomas H. Lee Partners, Hellman & Friedman and AlpInvest Partners. Consequently, Nielsen will not obtain any proceeds from the equity offer.

Goldman, Sachs & Co. is acting as the underwriter for the note offering.

Additionally, in Mar 2014, Nielsen announced a secondary public offering of 30 million shares. All the proceeds were received by the selling stockholders, Valcon Acquisition Holding, and the offering did not have any significant impact on Nielsen'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 12.9% year over year to $1,489 million or 15.1% on a constant currency basis. However, earnings of 41 cents were above the Zacks Consensus Estimate of 38 cents on the back of higher revenues.

Currently, Nielsen has a Zacks Rank #2 (Buy). Other stocks that are performing well at current levels include Applied Micro Circuits AMCC, Exar Corp. EXAR and PLX Technology Inc PLXT. All these stocks sport a Zacks Ranks #1 (Strong Buy).

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