Sep
30
WPP, TNS Deal Could Close by Week’s End
Posted in: UncategorizedLONDON (AdAge.com) — WPP Group looks like it is closing in on a deal with U.K.-based research group Taylor Nelson Sofres and is hoping that its $2 billion hostile takeover bid can be sealed by the end of this week. The conditional-offer document stipulates that 90% of shareholders must accept WPP's offer, but WPP reserves the right to lower that number, and in theory a deal could go through at 50%.
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