Significant Developments: Advertising/Marketing
Publicis Groupe S.A. Acquires Kekst and Company, Incorporated
Publicis Groupe S.A. announced that it has acquired Kekst and Company, Incorporated, a New York based strategic and financial advice agency. Financial terms of the transaction were not disclosed.
Publicis Groupe S.A. Acquires Kekst and Company, Incorporated
Publicis Groupe S.A. announced that it has acquired Kekst and Company, Incorporated, a New York based strategic and financial advice agency. Financial terms of the transaction were not disclosed.
Taylor Nelson Sofres plc Announces Rejection Of Further Pre-Conditional Proposal From WPP Group plc
Taylor Nelson Sofres plc announced that on July 2, 2008 Taylor Nelson Sofres received a further unsolicited proposal from WPP Group plc for Taylor Nelson Sofres (Further Proposal). The Further Proposal outlines a possible pre-conditional offer in which the consideration for Taylor Nelson Sofres would be satisfied through 173 pence in cash and 0.1889 WPP Group plc shares for each Taylor Nelson Sofres share. Based on the closing price of WPP Group plc on July 2, 2008 of 460.5 pence per WPP Group plc share the Further Proposal values each Taylor Nelson Sofres share at 260 pence. The Board of Taylor Nelson Sofres, which is being advised by Deutsche Bank and JPMorgan Cazenove, has unanimously rejected the Further Proposal which it believes again substantially undervalues Taylor Nelson Sofres even on a standalone basis.
WPP Group plc Announces Revised Proposal For Taylor Nelson Sofres Plc
WPP Group plc announced that on July 2, 2008 it has submitted a revised proposal to the Board of Taylor Nelson Sofres Plc (TNS) consisting of 173 pence in cash and 0.1889 of the Company share for each TNS share. The revised Proposal values each TNS share at 260 pence and the entire issued share capital of TNS at approximately GBP1,078 million.
Taylor Nelson Sofres plc Announces Rejection Of Further Pre-Conditional Proposal From WPP Group plc
Taylor Nelson Sofres plc announced that on July 2, 2008 Taylor Nelson Sofres received a further unsolicited proposal from WPP Group plc for Taylor Nelson Sofres (Further Proposal). The Further Proposal outlines a possible pre-conditional offer in which the consideration for Taylor Nelson Sofres would be satisfied through 173 pence in cash and 0.1889 WPP Group plc shares for each Taylor Nelson Sofres share. Based on the closing price of WPP Group plc on July 2, 2008 of 460.5 pence per WPP Group plc share the Further Proposal values each Taylor Nelson Sofres share at 260 pence. The Board of Taylor Nelson Sofres, which is being advised by Deutsche Bank and JPMorgan Cazenove, has unanimously rejected the Further Proposal which it believes again substantially undervalues Taylor Nelson Sofres even on a standalone basis.
Ten Alps Communications Plc Announces Acquisition Of Twenty First Century Media Limited
Ten Alps Communications Plc announced the acquisition of Twenty First Century Media Limited (Twenty First Century), a video production company. Ten Alps will pay up to £750,000 for Twenty First Century, being an initial £200,000 at completion with further payments to follow over the next two years against the delivery of certain tiered profit targets.
TMN Group PLC Announces Offer Update
TMN Group PLC announced that talks are ongoing regarding the previously announced indicative cash offer for the Company by August Equity LLP (August Equity) working together with the executive directors of the Company, Mark Smith and Craig Dixon. The independent non-executive directors are working constructively with August Equity, however the indicative offer remains subject to satisfactory due diligence and financing and therefore there remains no certainty that a formal offer will in fact be made nor as to the terms on which any offer might be made.
Taylor Nelson Sofres plc Announces Merger Update With GfK AG
Taylor Nelson Sofres plc notes the announcement made by GfK AG that the Administrative Board of GfK-Nürnberg e.V. has, as anticipated, voted in favour of the merger of GfK AG and Taylor Nelson Sofres, thereby demonstrating its unambiguous support for the merger and confidence that the vote of the GfK-Nürnberg e.V. on July 21, 2008.
Taylor Nelson Sofres plc Announces Merger Update With GfK AG
Taylor Nelson Sofres plc notes the announcement made by GfK AG that the Administrative Board of GfK-Nürnberg e.V. has, as anticipated, voted in favour of the merger of GfK AG and Taylor Nelson Sofres, thereby demonstrating its unambiguous support for the merger and confidence that the vote of the GfK-Nürnberg e.V. on July 21, 2008.
WPP Group plc's Wunderman Acquires Designkitchen
WPP Group plc announced that its wholly-owned operating company Wunderman has acquired Designkitchen, a US digital and interactive agency. Terms of the transaction were not disclosed.
Market Update
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| Commodity | Last | Pct Chg | Trade Date/Time |
|---|---|---|---|
| Oil | 76.38 | -1.41% | 24 Nov 16:12 GMT |
| Gold | 1169.0 | +0.37% | 24 Nov 15:52 GMT |
