Exhibit 99.1
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News Release |
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Investor Relations: Sara Gubins, +1 646 283 7571; sara.gubins@nielsen.com
Media Relations: Connie Kim, +1 240 274 9999; connie.kim@nielsen.com
Nielsen Announces Expiration of Go-Shop Period
After Thorough Outreach, No Alternative Proposals Received
New York May 13, 2022 Nielsen Holdings plc (NYSE: NLSN) (Nielsen) today announced the expiration of the 45-day go-shop period under its previously announced definitive agreement (the Transaction Agreement) to be acquired by a consortium (the
Consortium) of private investment funds led by Evergreen Coast Capital Corporation, an affiliate of Elliott Investment Management L.P., and Brookfield Business Partners L.P., together with institutional partners. Under the terms of the
agreement, Nielsen and its representatives were permitted to solicit and consider alternative acquisition proposals from third parties until May 12, 2022.
During the go-shop period, Nielsen and its advisors actively solicited alternative acquisition
proposals from third parties. Nielsen representatives ultimately contacted over 30 parties, representing a mix of financial and strategic parties. Of such contacted parties, only one private equity firm executed a
non-disclosure agreement with Nielsen. As of expiration of the go-shop period, no alternative proposals were submitted.
Consistent with the Transaction Agreement, Nielsen expects to file its preliminary proxy statement in connection with the related shareholder vote to approve
the transaction on or around May 19, 2022.
After a thorough effort aimed at exploring whether a higher and better offer for Nielsen could be
obtained, the Board has confirmed its view that the transaction with the Consortium represents an attractive outcome for our shareholders by providing a cash purchase at a substantial premium, while supporting Nielsens commitment to our
clients, employees and stakeholders, said James A. Attwood, Chairperson of Nielsens Board of Directors.
The transaction remains subject to
approval by Nielsen shareholders, regulatory approvals, consultation with the works council, and other customary closing conditions. If the closing conditions are met, the transaction is expected to close in the second half of 2022.
About Nielsen
Nielsen shapes the worlds media
and content as a global leader in audience measurement, data and analytics. Through our understanding of people and their behaviors across all channels and platforms, we empower our clients with independent and actionable intelligence so they can
connect and engage with their audiencesnow and into the future.
An S&P 500 company, Nielsen (NYSE: NLSN) operates around the world in more than
55 countries. Learn more at www.nielsen.com or www.nielsen.com/investors and connect with us on Instagram, Facebook, Twitter, LinkedIn.
Forward-Looking Statements
This communication includes
information that could constitute forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. These statements include those set forth above relating to the proposed transaction as
well as those that may be identified by words such as will, intend, expect, anticipate, should, could and similar expressions. These statements are subject to risks and
uncertainties, and actual results and events could differ materially from what presently is expected, including