NY Post: Nielsen-Arbitron deal running into problems
From All Access
The New York Post reports NIELSEN “is running into rising regulatory static over its $1.26 billion deal for ARBRITON,” writing that ‘rather than wrapping up its months-long review of the deal as expected, the FEDERAL TRADE COMMISSION is busy sending out additional requests for information.”
ALL ACCESS reported in APRIL (NET NEWS 4/16) that ARBITRON stockholders voted to approve the acquisition of the Company by NIELSEN HOLDINGS. Approximately 98.99% of the shares voting at today’s Special Meeting of Stockholders voted in favor of the agreement and plan of merger. These shares represented approximately 77.11% of total outstanding shares of ARBITRON common stock as of the MARCH 8th, 2013 record date for the Special Meeting.
“If they’re still currently talking to sources, then it does make you wonder. It may be they’re thinking of whether there are remedies,” Antitrust lawyer and former assistant attorney general for NEW YORK SALLY HUBBARD told THE POST.
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