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BRIEF- WPP says it will not accept Bain's tender offer for ADK shares
November 15, 2017 / 11:51 PM / a month ago

BRIEF- WPP says it will not accept Bain's tender offer for ADK shares

Nov 15 (Reuters) - Wpp Plc

* ‍WPP owns 10.3 million ADK shares, representing 24.96 pct of issued share capital of ADK​

* WPP PLC - ‍WPP does not intend to accept tender offer launched by Bain on 2 October 2017 as company believes Bain has “significantly undervalued ADK​”

* ‍WPP would welcome opportunity to engage constructively with board of ADK if tender offer fails​

* WPP - With approval of board and other shareowners company would also be prepared, as requested by some shareowners, to increase shareholding in ADK to 33 percent​ Further company coverage:

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