(Reuters) – Elliott Management, one of the world’s biggest hedge funds, disclosed that it held a large stake in information services company Nielsen Holdings (NLSN.N) and urged it to considering selling itself. News of Elliott’s investment pushed Nielsen’s stock price up more than 9 percent in early trading. Since January, the stock price has tumbled 40 percent, including a 25 percent drop in one day last month when the company posted a sharp drop in second-quarter net income.
Elliott takes stake in Nielsen, urges sale; shares jump
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