ACNielsen Resolves European Commission Investigation.STAMFORD Stamford, town, England Stamford, town (1991 pop. 18,127), in the Parts of Kesteven, Lincolnshire, E central England, on the Welland River. It is a market town. Products include diesel engines, electrical equipment, bricks, and tiles. , Conn.--(BUSINESS WIRE)--Dec. 3, 1996--ACNielsen Corporation (NYSE NYSE See: New York Stock Exchange : ART) today announced that it has successfully resolved, without any adverse decision or fine, an investigation brought by the European Commission European Commission, branch of the governing body of the European Union (EU) invested with executive and some legislative powers. Located in Brussels, Belgium, it was founded in 1967 when the three treaty organizations comprising what was then the European Community into alleged violations of European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. competition law. The company said it signed an "Undertaking" that formalizes its commitment to abandon certain contract practices to which the Commission objected. ACNielsen had abandoned those practices after the Commission issued a Statement of Objections in May 1996. In accepting the Undertaking, the Commission agreed to terminate its investigation. "We are delighted to put this matter behind us, as we devote our energies to building long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. shareholder value and delivering superior service to our customers," said Nicholas L. Trivisonno, chairman and chief executive officer of ACNielsen. "The practices to which the Commission objected were not material to ACNielsen, nor were they part of any anti-competitive scheme on ACNielsen's part. However, since the Commission believed these practices may have breached European competition law, we terminated the practices." ACNielsen, offering services in over 90 countries and with 1995 revenues of $1.3 billion, is a global leader in delivering market research, information and analysis to the consumer products and service industries. CONTACT: Will Thoretz 203/961-3337 or Barry Holt holt n. Archaic A wood or grove; a copse. [Middle English, from Old English.] holt Noun the lair of an otter [from 203/961-3340 |
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