Aegis lets WPP set deadline for purchase offer
Pursuant to an order from the Takeover Panel, the advertising holding company and the investment firm Hellman & Friedman must clarify by November 25 whether they intend to make a takeover bid for Aegis.
By November 25, the
investment firm Hellman & Friedman (H&F) and the advertising holding company
WPP to clarify whether it intends to make a takeover bid for Aegis.
This was decided by the British Takeover Panel at the request of the media and
market research group. The non-governmental Takeover Panel
monitors compliance with the Code of Conduct on the London Stock Exchange.
Should H&F and WPP decide not to make an offer, they are
bound to it for six months. However, you can change your
Statement Define exceptional cases or make significant changes later
of the situation. At the beginning of October, the two partners
talks with Aegis about a possible takeover. This is
WPP is particularly interested in Synovate, the Group's research arm,
while the media agency Carat will probably remain with H&F and
would be sold on. Meanwhile, the French investor Vincent
Bolloré increased its stake in Aegis to 20.8 %. According to
Advertising Age, it can thus use this share to deduct the
Group from the London Stock Exchange to prevent extraordinary
shareholders' meetings and hold votes on certain issues.
request matters. From 30 %, he would have to submit a
make a general takeover offer.
investment firm Hellman & Friedman (H&F) and the advertising holding company
WPP to clarify whether it intends to make a takeover bid for Aegis.
This was decided by the British Takeover Panel at the request of the media and
market research group. The non-governmental Takeover Panel
monitors compliance with the Code of Conduct on the London Stock Exchange.
Should H&F and WPP decide not to make an offer, they are
bound to it for six months. However, you can change your
Statement Define exceptional cases or make significant changes later
of the situation. At the beginning of October, the two partners
talks with Aegis about a possible takeover. This is
WPP is particularly interested in Synovate, the Group's research arm,
while the media agency Carat will probably remain with H&F and
would be sold on. Meanwhile, the French investor Vincent
Bolloré increased its stake in Aegis to 20.8 %. According to
Advertising Age, it can thus use this share to deduct the
Group from the London Stock Exchange to prevent extraordinary
shareholders' meetings and hold votes on certain issues.
request matters. From 30 %, he would have to submit a
make a general takeover offer.
