WPP PLC (WPPGY.OQ)
27 Apr 2017
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 27 WPP, the world's largest advertising group, reported a 0.8 percent rise in first-quarter like-for-like net sales growth, slightly shy of expectations at around 1 percent, due to a weak performance in North America.