Posts Tagged ‘WPP’

Published 7th Dec 2017, 08:17

Bain Capital wins control of ADK

Bain Capital has won its bid to acquire Japan’s third largest advertising agency Asatsu-DK, as seemed probable once WPP agreed to tender it 24.96% shareholding. Bain announced today that it... Read more
Published 2nd Dec 2017, 09:54

Sir Martin enjoys a £133m Christmas treat

WPP’s chief executive Sir Martin Sorrell has exercised share options worth £133 million over the last few days and sold sufficient of those shares to raise £62.5 million required to meet the tax... Read more
Published 28th Nov 2017, 15:31

comScore’s Fulgoni: now you see him, now you don’t

Gian Fulgoni, the co-founder of the US audience measurement company comScore, has created a further development in the game of musical chairs being played by senior executives of the... Read more
Published 22nd Nov 2017, 10:05

Three words that may be key to WPP’s future in Japan

While we await the outcome of Bain Capital’s takeover bid for Asatsu-DK, it is worth studying the terms on which WPP agreed to tender its 24.9% shareholding after initially putting up a lot of... Read more
Published 21st Nov 2017, 09:38

WPP to sell ADK shares in return for possible stake in successor company

WPP has agreed to tender its shares in Asatsu-DK at the offer price of ¥3,660 per share and, if the tender offer is successful, to withdraw its injunction proceedings in the Tokyo District Court... Read more
Published 21st Nov 2017, 08:18

WPP’s Japanese strategy awaits today’s ADK bid deadline

Shareholders in the Japanese marketing group Asatsu-DK will decide today whether Bain Capital’s £1 billion takeover bid will succeed and – most importantly – whether WPP gives up its fight to... Read more
Published 16th Nov 2017, 23:39

Havas revenue remains in the doldrums

Havas Group today joined most of the other major global groups in reporting negligible revenue growth of 0.6% in the nine months to 30 September.  If currency movements were to be excluded the... Read more
Published 16th Nov 2017, 11:45

WPP offers “constructive” talks and capital injection if ADK offer fails

WPP last night reaffirmed its decision not to tender its 24.9% shareholding in Asatsu-DK to Bain Capital and offered to “engage constructively” with the board of ADK if the tender offer fails.... Read more
Published 15th Nov 2017, 17:14

WPP proceeds with petition to stop sale of its ADK shares

Asatsu-DK confirmed today that WPP is seeking a court order to prevent the Japanese group from forcing WPP to sell its 24.9% shareholding. The news prompted a further 2.8% fall in WPP’s share... Read more
Published 14th Nov 2017, 16:47

Dentsu’s international revenues rise but group profit falls

Dentsu’s US and South American operations provided a major fillip to its revenue and gross income in the nine months to 30 September, but gross income from domestic business declined by 2.4% and... Read more