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, April 28 WPP, the world's largest advertising agency, will cut the amount it pays its chief executive and founder Martin Sorrell to no more than 19 million pounds ($24.6 million) after an investor backlash sparked by previous record payouts.