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THE HAGUE, Netherlands (AP) - Dutch media company VNU NV said Monday it is considering scrapping its planned $6.92 billion acquisition of U.S. health care data provider IMS Health Inc. due to opposition from VNU shareholders.
VNU, known for the Nielsen TV ratings in the United States, said in a statement it was in wide-ranging discussions with IMS Health after shareholders claiming to represent 48 percent of VNU's outstanding shares said they would "not support the transaction under any circumstances."
VNU announced its intention to acquire IMS Health in July in a cash-and-stock transaction that was supposed to close in the first quarter of 2006. But VNU said it was now considering "a revised merger agreement as well as termination of the agreement."
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