Entries tagged "WPP Group plc"
Hostile bids are enjoying an unprecedented 28.6% success rate so far this year, according to FactSet MergerMetrics. One more hostile takeover will likely bump up that stat. With one day to go, advertising company WPP Group plc Thursday looked likely to triumph with its £1.2 billion ($2.14 billion) hostile offer for Taylor Nelson Sofres plc....
Martin Sorrell's advertising and marketing company WPP Group plc on Tuesday gained European Commission approval for its hostile takeover of Taylor Nelson Sofres plc. The approval is contingent on WPP divesting its television audience measurement services in the European Economic Area and Taylor Nelson's Irish market research operations. ...
WPP Group plc's £1.08 billion ($2.13 billion) hostile bid for market search firm Taylor Nelson Sofres plc on Wednesday triggered a warning from rating agency Fitch Ratings. The BBB+ credit rating on the British advertising agency was placed on Fitch's rating watch negative list, signaling a concern of the company's debt levels....
Cash-strapped mortgage lender Bradford & Bingley plc presents the Financial Services Authority with its first major test since the Northern Rock plc debacle. Chastened by the nationalization of the Newcastle mortgage lender, the regulator has mobilized a slew of rival banks to prevent the implosion of Bradford & Bingley. Six banks join B&B's four largest shareholders in agreeing to buy shares in an emergency rights issue that looks to raise £400 million ($789.5 million) for the lender. TPG Capital had planned to buy a 23% stake in B&B, but scrapped that idea on July 3. ...
Advertising and marketing heavyweight WPP Group plc has made a fresh attempt to derail Taylor Nelson Sofres plc's merger with market research peer GfK AG and received another brushoff....
