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The Federal Trade Commission on Friday gave Nielsen Holdings the necessary clearance to acquire Arbitron. Subject to standard closing conditions, the deal is now expected to close on Sept. 30.
Per terms of the deal, which was announced on Dec. 18, 2012, Nielsen will acquire all of the outstanding common stock of Arbitron for $48 per share, or $1.3 billion.
“We are pleased to have the regulatory process behind us and are excited to be closing the Arbitron acquisition,” said Nielsen CEO David Calhoun, by way of announcing the FTC’s decision.
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