Nielsen To Separate Into Two Leading Global Companies
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November 7, 2019 8:14 AM EST
Nielsen's (NASDAQ: NLSN) year-long review of strategic alternatives has finally come to a close. Instead of selling itself, in whole or in part, the media company believes the best path forward is to spin-off its Global Connect business. This will create two independent, publicly-traded companies - the Global Media business and the Global Connect business. Further, the company reduced its dividend 83 percent in an effort to strengthen the balance sheets of the two companies ahead of the separation. Large holder Elliott Management supports the plan.
The company had offers for both pieces... More
November 7, 2019 7:21 AM EST
Nielsen Holdings (NYSE: NLSN) declared a quarterly dividend of $0.06 per share, or $0.24 annualized. This is an 82.9% decrease from the prior dividend of $0.35.
The dividend will be payable on December 5, 2019, to stockholders of record on November 21, 2019, with an ex-dividend date of November 20,... More
