WPP, Y&R enter standstill pact as talks falter
Article Abstract:
WPP Group PLC has reached a standstill agreement with Young and Rubicam Inc. that will prevent a hostile takeover offer. The deal will stop WPP from trying a hostile takeover of Young and Rubicam.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2000
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Battle for Cordiant continues
Article Abstract:
Publicis Groupe S.A. and WPP Group PLC are continuing their acquisition battle for Cordiant Communications Group PLC. Creditors are studying the competing offers from both WPP and Publicis.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2003
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WPP raises stakes in fight for Cordiant: Publicis enlists U.S. fund in play to fortify position among debt possessors
Article Abstract:
WPP Group PLC and Publicis Groupe S.A. continue to battle it out over Cordiant Communications Group PLC, with WPP raising its offer to pounds sterling 246 million, topping Publicis' offer of pounds sterling 244 million. Publicis in turn has teamed with Cerberus Capital Management LP with plans for the two companies to continue buying Cordiant debt.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2003
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