VNU terminates planned merger with IMS health.
VNU also said it will return 1 billion [euro], cash remaining from the sale of VNU's directories division in 2004, to shareholders who have demanded bigger returns and believe VNU should sell one of its divisions and return the cash to shareholders. IMS said it would buy back up to 10 million of its own shares in a buyback program.
In the wake of the deal's termination, VNU chairmam/ceo Rob van den Bergh will resign and the company will pursue a listing on the New York Stock Exchange "to raise the company's profile and expands its shareholder base," the company said. IMS Health has operations in over 100 countries and provides information and services to the pharmaceutical and healthcare industries. The company had 2004 revenues of about $1.4 billion.
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|Title Annotation:||Verenigde Nederlandse Uitgeversbedrijven B.V.|
|Comment:||VNU terminates planned merger with IMS health.(Verenigde Nederlandse Uitgeversbedrijven B.V.)|
|Article Type:||Brief Article|
|Date:||Nov 17, 2005|
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