Shares of Nielsen Holdings (NYSE: NLSN) charged sharply higher on Tuesday, surging as much as 21.5%. As of 10:55 a.m. ET today, the stock was still up 21.4%.

The catalyst that sent the television ratings and data analytics platform higher were reports that a deal had been reached that could allow a proposed buyout to move forward.

A consortium of private equity investors, led by Elliott Investment Management and Brookfield Business Partners, had inked a definitive agreement to buy Nielsen, but not everyone was on board with the buyout. Nielsen's largest shareholder, WindAcre Partnership (with  27% of the stock), had come out against the deal, suggesting it undervalued the company. 

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Source Fool.com