Nielsen to separate into two leading global companies

Nielsen to separate into two leading global companies.nielsen concludes comprehensive strategic review process.announces plan to spin-off nielsen's global connect business.reaffirms revenue, adjusted ebitda, and free cash flow guidance for 2019, and increases adjusted eps guidance for 2019.with completion of strategic review, james attwood resumes his role as chairman of board, effective immediately.nielsen holdings - deal will be in form of distribution to nielsen shareholders of 100% of shares of new entity holding nielsen global connect business.beginning with next dividend payment will reduce its quarterly cash dividend payment to $0.06 per ordinary share.after separation is complete, david kenny will serve as ceo of nielsen's global media business.deal be intended to qualify as tax-free to nielsen and its shareholders for u.s. federal income tax purposes.has begun a search for a chief executive officer of global connect business.nielsen holdings - to management teams & composition of boards for both cos will be named in due course.will consider both external and internal candidates. for global connect business ceo.immediately after deal, nielsen shareholders will own shares of nielsen and new entity holding nielsen global connect business.currently expects spin-off transaction to be completed in nine to twelve months.in conjunction with spin, nielsen global connect is expected to raise new debt.
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