Arbitron Shareholders OK Nielsen Deal
     

Arbitron stockholders approved the acquisition of the ratings company by Nielsen Holdings.

Some 98.99% of the shares voted in favor of the deal, according to Arbitron. These shares represented approximately 77.11% of total outstanding shares of Arbitron common stock as of the March 8 record date for the voting meeting.

As announced last December, Arbitron and Nielsen agreed that Nielsen would acquire Arbitron for $48 per share in cash. The companies estimate the total value of the deal at $1.2 billion.

This is not the final hurdle for the transaction. Last month, the Federal Trade Commission asked both companies for more information as part of the review process.

 

Receive regular news and technology updates.
Sign up for your free Radio World NewsBytes newsletter here.

Thank you for your comment. Please note that posts are reviewed for suitability and may not appear until the next business day.