By Waverly Colville

Activist investor Starboard Value LP and advertising giant WPP PLC (WPP) may sell more than 24.8 million shares in comScore Inc. (SCOR), the media-measurement company said Thursday.

In a filing with the Securities and Exchange Commission, comScore said Starboard-managed entities and a WPP subsidiary are offering the shares at $21.48 each. In the offering, WPP would exit its holdings in comScore while Starboard's stake would shrink to less than 1%.

The sale fulfils comScore's contractual obligations with the stockholders in connection with Starboard's private placement and an agreement with WPP, the filing said.

ComScore said after the offering, about 71.4 million shares will be outstanding.

ComScore shares were unchanged in after-hours trading at $20.97.

Write to Waverly Colville at waverly.colville@wsj.com

(END) Dow Jones Newswires

July 19, 2018 18:05 ET (22:05 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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