WPP: Kantar has Completed Acquisition of 87.8% Stake in Press Index
13 Luglio 2012 - 6:15PM
Dow Jones News
LONDON--Advertising company WPP PLC (WPP.LN) Friday said its
operating network, Kantar, has completed its acquisition of 1.4
million shares, representing 87.76% of the share capital of Press
Index (ALPRI.FR).
MAIN FACTS:
-Kantar will launch a simplified cash public tender offer to
purchase the remaining outstanding shares of Press Index.
-If, at the end of the public tender offer, the non-tendered
shares represent less than 5% of the share capital of Press Index,
Kantar intends to implement a squeeze-out procedure.
-Shares of WPP on Friday closed at 797 pence.
-Write to Tapan Panchal at tapan.panchal@dowjones.com
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