Believes Nielsen’s Stock Price Could Triple in
Three Years
Webcast Scheduled for Tuesday, April 26th at
8:30 am ET
The WindAcre Partnership LLC (“WindAcre”) today announced that
it will host an investor webcast to outline the business and
valuation case for Nielsen Holdings plc (NYSE: NLSN) (“Nielsen” or
the “Company”) and why it opposes the proposed acquisition of
Nielsen by a private equity consortium led by Evergreen Coast
Capital Corporation, an affiliate of Elliott Investment Management
L.P., and Brookfield Business Partners L.P. for $28 per share.
WindAcre beneficially owns 27.3% of Nielsen’s outstanding ordinary
shares and is the Company’s largest shareholder.
The webcast is scheduled to begin at 8:30 am ET on Tuesday,
April 26, 2022, and can be accessed here.
Snehal Amin, Managing Member of WindAcre, will present why he
believes Nielsen is a world class business with an intrinsic value
well north of $40 per share, and how there is a credible path for
the Company’s stock price to triple within three years.
Disclaimer
This press release does not constitute an offer to sell or a
solicitation of an offer to buy any of the securities described
herein in any state to any person. This press release does not
recommend the purchase or sale of a security. There is no assurance
or guarantee with respect to the prices at which any securities of
the Company will trade, and such securities may not trade at prices
that may be implied herein. In addition, this press release and the
discussions and opinions herein are for general information only,
and are not intended to provide investment advice.
This press release contains forward-looking statements.
Forward-looking statements are statements that are not historical
facts and may include projections and estimates and their
underlying assumptions, statements regarding plans, objectives,
intentions and expectations with respect to future financial
results, events, operations, services, product development and
potential, and statements regarding future performance.
Forward-looking statements are generally identified by the words
“expects”, “anticipates”, “believes”, “intends”, “estimates”,
“plans”, “will be” and similar expressions. These forward-looking
statements include, without limitation, statements regarding the
proposed transaction involving Nielsen (the “Proposed
Transaction”). Although WindAcre believes that the expectations
reflected in such forward-looking statements are reasonable,
investors are cautioned that forward-looking information and
statements are subject to various risks and uncertainties—many of
which are difficult to predict and are generally beyond the control
of WindAcre or Nielsen—that could cause actual results and
developments to differ materially from those expressed in, or
implied or projected by, the forward-looking information and
statements. These risks and uncertainties are enumerated in
Nielsen's public filings and recent public communications regarding
the Proposed Transaction. In addition, the foregoing considerations
and any other publicly stated risks and uncertainties should be
read in conjunction with the risks and cautionary statements
discussed or identified in Nielsen’s public filings with the United
States Securities and Exchange Commission (the “SEC”), including
those listed under “Risk Factors” in Nielsen’s annual reports on
Form 10-K and quarterly reports on Form 10-Q. The forward-looking
statements speak only as of the date hereof and, other than as
required by applicable law, WindAcre does not undertake any
obligation to update or revise any forward-looking information or
statements. Certain information included in this material is based
on data obtained from sources considered to be reliable. Any
analyses provided to assist the recipient of this material in
evaluating the matters described herein may be based on subjective
assessments and assumptions and may use one among alternative
methodologies that produce different results. Accordingly, any
analyses should also not be viewed as factual and also should not
be relied upon as an accurate prediction of future results. All
figures are unaudited estimates and, unless required by law, are
subject to revision without notice.
Funds and investment vehicles managed by WindAcre currently
beneficially own shares of the Company. These funds and investment
vehicles are in the business of trading (i.e., buying and selling)
securities and intend to continue trading in the securities of the
Company. You should assume such funds and investment vehicles will
from time to time sell all or a portion of their holdings of the
Company in open market transactions or otherwise, buy additional
shares (in open market or privately negotiated transactions or
otherwise), or trade in options, puts, calls, swaps or other
derivative instruments relating to such shares. Consequently,
WindAcre’s beneficial ownership of shares of, and/or economic
interest in, the Company may vary over time depending on various
factors, with or without regard to WindAcre’s views of the
Company’s business, prospects, or valuation (including the market
price of the Company’s shares), including without limitation, other
investment opportunities available to WindAcre, concentration of
positions in the portfolios managed by WindAcre, conditions in the
securities markets and general economic and industry conditions.
WindAcre also reserves the right to change the opinions expressed
herein and its intentions with respect to its investment in the
Company, and to take any actions with respect to its investment in
the Company as it may deem appropriate, and disclaims any
obligation to notify the market or any other party of any such
changes or actions, except as required by law.
CERTAIN INFORMATION REGARDING THE PARTICIPANTS
The Participants (as defined below) intend to file a definitive
proxy statement and accompanying form of proxy card with the SEC to
be used in connection with the solicitation of proxies from the
shareholders of Nielsen. THE PARTICIPANTS STRONGLY ADVISE ALL
SHAREHOLDERS OF THE COMPANY TO READ THE PROXY STATEMENT AND OTHER
PROXY MATERIALS AS THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN
IMPORTANT INFORMATION, INCLUDING ADDITIONAL INFORMATION RELATED TO
THE PARTICIPANTS. SUCH PROXY MATERIALS WILL BE AVAILABLE AT NO
CHARGE ON THE SEC’S WEBSITE AT HTTP://WWW.SEC.GOV. THE DEFINITIVE
PROXY STATEMENT AND ACCOMPANYING PROXY CARD WILL BE FURNISHED TO
SOME OR ALL OF THE COMPANY’S SHAREHOLDERS. IN ADDITION, THE
PARTICIPANTS WILL PROVIDE COPIES OF THE DEFINITIVE PROXY STATEMENT
WITHOUT CHARGE, WHEN AVAILABLE, UPON REQUEST.
The participants in the proxy solicitation are anticipated to be
(i) The WindAcre Partnership LLC, a Delaware limited liability
company (“WindAcre”), (ii) The WindAcre Partnership Master Fund LP,
an exempted limited partnership established in the Cayman Islands
(“Master Fund”), (iii) Snehal Amin (“Mr. Amin”), (iv) Rachel Foley
(“Ms. Foley”), and (v) Chris Smith (“Mr. Smith,” together with
WindAcre, Master Fund, Mr. Amin, and Ms. Foley, the
“Participants”).
As of the date hereof, the Participants beneficially own (within
the meaning of Rule 13d-3 under the Securities Exchange Act of
1934), in the aggregate, 98,190,100 ordinary shares, par value
€0.07 per share, of the Company (the “Ordinary Shares”), which are
directly held by Master Fund and which are indirectly beneficially
owned by WindAcre, the investment manager to Master Fund, and Mr.
Amin, the managing member of WindAcre. Neither Ms. Foley nor Mr.
Smith owns any Ordinary Shares.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220425005540/en/
Media: Jonathan Gasthalter/Nathaniel Garnick Gasthalter
& Co. (212) 257-4170
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