WPP PLC (WPPGY.OQ)
Latest Key Developments (Source: Significant Developments)
Walgreens Boots Alliance Inc
GroupM:Co, media investment group of WPP, today appointed Kelly Clark as global CEO. Full Article
: Blackhawk Network to acquire Grass Roots Group . Blackhawk Network - Buying Grass Roots Group for about £90 million (U.S. $118 million assuming current pound to dollar exchange rate) in cash . Blackhawk Network - Deal value will be using combination of cash-on-hand and borrowings under existing revolving credit facility . Blackhawk Network - Says transaction is subject to approval by FCO which is expected within next 30 to 120 days . Blackhawk Network - Acquired Grass Roots Group entities are forecasting adjusted EBITDA of approximately £11 million for full calendar year 2016 . Blackhawk Network - Current Grass Roots shareholders comprise WPP Plc and current and former management, all of whom are selling their shares in this deal .Blackhawk Network - Says Grass Roots will operate as a subsidiary of Blackhawk. Full Article
LONDON The heads of Britain's top 100 listed companies earn on average almost 400 times more than a worker on the minimum wage, according to analysis that will add fuel to the fire of a debate about inequality in the country.