Nielsen Finalizes Offer Price For Harris Interactive At $2.04/share

(RTTNews) - Nielsen Holdings N.V. (NLSN) said Friday that the offer price for all outstanding shares of common stock of Harris Interactive Inc. (HPOL) has been increased from $2.00 to $2.04 per share pursuant to the terms of the merger agreement announced on November 25, 2013.

The increase in price is required by and entirely attributable to the final agreed upon average cash balance, less certain deductions, of Harris Interactive and its subsidiaries as specified in the merger agreement. Such cash balance was $2.18 million higher than the cash balance specified in the merger agreement, which resulted in a $0.04 increase in the per share offer price.

In accordance with the terms of the merger agreement and applicable securities rules, expiration of the offer has been extended until 12:00 midnight, New York City time, on January 31, 2014.

As of 5 p.m. on January 16, 2014, about 1.3 million shares have been tendered pursuant to the offer.