VNU acquisition.Dutch publisher and market research giant VNU VNU Volontaires des Nations Unies (French) VNU Verenigde Nederlandse Uitgeversbedrijven (Dutch) VNU Virtual Network User NV agreed to be acquired by a group of six private equity firms--including Blackstone Group Blackstone Group L.P. (NYSE: BX) is a prominent private equity and investment management firm founded in 1985 by Peter G. Peterson and Stephen A. Schwarzman. The company is based in New York City, in River House on Park Avenue at Fifty-first Street, with offices in Atlanta, and Carlyle Group--for about $8.94 billion in cash, or nearly $34.26 per share. But two shareholders have rejected the offer and are holding out for a higher price. The offer represents a 23-percent premium over the closing price on July 8, the last trading day Last Trading Day The final day that a futures or options contract may trade or be closed out before delivery of the underlying asset must occur. Notes: If the buying and selling parties do not arrange an alternate agreement, the physical commodity must be delivered from prior to VNU's announcement of its planned merger with IMS Health. Netherlands-based VNU, the owner of the U.S. Nielsen television ratings and the publisher of the Hollywood Reporter and Billboard magazine, became a takeover target Takeover target A company that is the object of a takeover attempt, friendly or hostile. takeover target See target company. after investors forced the company to abandon a nearly $8 billion acquisition of IMS Health last year. Including debt, the transaction is worth about $10.25 billion. |
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