Nielsen discloses receipt of FTC request for more information in Arbitron deal Nielson (NLSN) disclosed in a regulatory filing that on March 8 Nielsen Holdings received a request for additional information and documentary materials from the Federal Trade Commission regarding the proposed merger of TNC Sub I Corporation, a wholly-owned subsidiary of Nielsen, with and into Arbitron (ARB). Arbitron also received a similar request. The requests were issued under the notification requirements of the Hart-Scott-Rodino Antitrust Improvements Act of 1976. Nielsen intends to respond expeditiously to the request and continue to work cooperatively with the FTC in connection with this review. Completion of the acquisition remains subject to the expiration or termination of the waiting period under the HSR Act, customary closing conditions and approval by Arbitronís stockholders.
News For NLSN;ARB From The Last 14 Days
Check below for free stories on NLSN;ARB the last two weeks.