M&S buys some time with turnaround plan: U.K. retailer announces strategic moves to equal euro 13.62 billion takeover bid
Article Abstract:
United Kingdom retailer Marks and Spencer PLC unveiled a proposal aimed at convincing shareholders to stay the course with its current management and avoid a takeover from entrepreneur Philip Green. The plan would require the selling of the company's financial services unit to HSBC Holdings PLC for pounds sterling 762 million, then offering approximately 100 pence per share via a share buyback.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2004
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WPP Takes Heat for Corporate-Governance Practices
Article Abstract:
London, England-based WPP Group PLC, which is an advertising agency, has raised eyebrows over the lack of succession plans for its top management positions. WPP, which is led by chairman Hamish Maxwell and CEO Martin Sorrell, has worried shareholders with such complacency.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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