Elliott Associates Confirms 8.4% Stake in Nielsen Holdings (NLSN) - 13D

August 13, 2018 8:20 AM EDT

In a 13D filing on Nielsen Holdings (NYSE: NLSN), hedge fund Elliott Associates confirmed economic exposure of 8.4%, or 30,000,000 shares.

Earlier, the WSJ reported about the stake and said Elliott plans to push the company to sell itself.

Item 4. PURPOSE OF TRANSACTION

The Reporting Persons believe the securities of the Issuer are undervalued and represent an attractive investment opportunity. The Reporting Persons will seek to engage in a dialogue with the Issuer's Board of Directors (the "Board") and/or management about numerous operational and strategic opportunities to maximize shareholder value. The Reporting Persons will encourage the Issuer to undertake a full strategic review of, and initiate a process to explore, the sale of the Issuer in full, in addition to the exploration of the sale of certain of the Issuer's businesses or assets, including transactions in which the Reporting Persons may seek to participate and potentially engage in, as a purchaser or investor.

The Reporting Persons may consider, explore and/or develop plans and/or make proposals (whether preliminary or firm) with respect to, among other things, the matters set forth in the previous paragraph and potential changes in the Issuer's operations, management, organizational documents, Board composition, ownership, capital or corporate structure, sale transactions, dividend policy, and strategy and plans. The Reporting Persons intend to communicate with the Issuer's management and Board about, and may enter into negotiations with them regarding, the foregoing and a broad range of operational and strategic matters and to communicate with other shareholders or third parties, including potential acquirers, service providers and financing sources regarding the Issuer. The Reporting Persons may exchange information with any such persons pursuant to appropriate confidentiality or similar agreements. The Reporting Persons may change their intentions with respect to any and all matters referred to in this item 4. They may also take steps to explore and prepare for various plans and actions, and propose transactions, before forming an intention to engage in such plans or actions or proceed with such transactions.

The Reporting Persons intend to review their investment in the Issuer on a continuing basis and depending upon various factors, including without limitation, the Issuer's financial position and strategic direction, the outcome of any discussions referenced above, overall market conditions, other investment opportunities available to the Reporting Persons, and the availability of securities of the Issuer at prices that would make the purchase or sale of such securities desirable, the Reporting Persons may endeavor (i) to increase or decrease their respective positions in the Issuer through, among other things, the purchase or sale of securities of the Issuer, including through transactions involving the Common Stock and/or other equity, debt, notes, other securities, or derivative or other instruments that are based upon or relate to the value of securities of the Issuer in the open market or in private transactions, including through a trading plan created under Rule 10b5-1(c) or otherwise, on such terms and at such times as the Reporting Persons may deem advisable and/or (ii) to enter into transactions that increase or hedge their economic exposure to the Common Stock without affecting their beneficial ownership of the Common Stock. In addition, the Reporting Persons may, at any time and from time to time, (i) review or reconsider their position and/or change their purpose and/or formulate plans or proposals with respect thereto and (ii) consider or propose one or more of the actions described in subparagraphs (a) - (j) of Item 4 of Schedule 13D.

Transactions of the Reporting Persons Effected During the Past 60 Days

The following transactions were effected directly by Elliott Associates, L.P. in the shares of Common Stock during the past 60 days:

DateSecurityAmount of Shs.
Bought / (Sold)
Approx. price (€)
per Share
07/26/2018Common Stock1,599,02422.4097
07/26/2018Common Stock97621.5400

The following transactions were effected by Elliott International, L.P. in the shares of Common Stock during the past 60 days:

DateSecurityAmount of Shs.
Bought / (Sold)
Approx. price (€)
per Share
07/26/2018Common Stock2,07521.5400
07/26/2018Common Stock3,397,92522.4097

For more notable holders of Nielsen Holdings stock click here.



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Elliott Associates, 13D