This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Dutch Publisher to Acquire ACNielsen

Dutch publisher VNU has agreed to acquire marketing and media information firm ACNielsen (ART) for $36.75 a share. The deal, valued at $2.3 billion, is expected to close in the first quarter of 2001.

VNU already owns Nielsen Media Research, Nielsen's U.S. media ratings business, which it bought 13 months ago. The company was split in two halves in 1996.

The price represented a 49% premium over Friday's closing price of $24.63 a share on the New York Stock Exchange. On Monday, Nielsen shares rose $11.38, or 46.2%, to $36 in NYSE trading.

VNU plans to fund the acquisition through an interim loan, but is considering an equity issue of 500 million euros and is also considering the sale of its consumer and educational information groups. The company said the transactions are expected to increase earnings by at least 5% in 2000 and 2001 and accelerate the company's earnings growth rate beyond that.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
AAPL $124.75 0.00%
FB $80.78 0.00%
GOOG $524.05 0.00%
TSLA $206.79 0.00%
YHOO $44.45 0.00%


DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs