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WPP PLC (WPPGY.OQ)

WPPGY.OQ on NASDAQ Stock Exchange Global Select Market

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16 Oct 2017
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Thu, Oct 12 2017

WPP objects to Bain's offer for Japan's Asatsu-DK

LONDON WPP, the world's biggest advertising agency, on Thursday stepped up its efforts to stop U.S. private equity firm Bain Capital from buying Japan's Asatsu-DK Inc, saying the offer significantly undervalued its stake in the firm.

WPP objects to Bain's offer for Japan's Asatsu-DK

LONDON, Oct 12 WPP, the world's biggest advertising agency, on Thursday stepped up its efforts to stop U.S. private equity firm Bain Capital from buying Japan's Asatsu-DK Inc, saying the offer significantly undervalued its stake in the firm.

BRIEF-WPP responds to Asatsu-DK statement regarding tender offer for co's shares

* NOTED ADK’S “DELAYED FAQ REGARDING TENDER OFFER FOR THE SHARES OF THE COMPANY”‍​

Bain bid for Japan ad agency Asatsu-DK too low -shareholder Silchester

* Top shareholder WPP also believes offer undervalues ADK -source

Breakingviews - Bain has advantage on WPP in Japanese ad-land spat

HONG KONG (Reuters Breakingviews) - In a Japanese ad-land spat, Bain Capital has the advantage. On Monday, the U.S. buyout firm unveiled a 152 billion yen ($1.3 billion) deal to privatise Asatsu-DK, Japan’s third-largest advertising agency.  This gives ADK’s bosses a way to escape a disappointing 1998 tie-up with Britain’s WPP.

BRIEF-Morgan Stanley to sell up to 22.5 mln shares in WPP via accelerated bookbuild

* MORGAN STANLEY ANNOUNCES THE SALE OF UP TO 22.5 MILLION SHARES IN WPP BY MEANS OF AN ACCELERATED BOOKBUILD OFFERING

UPDATE 3-Bain aims to buy Japan advertising agency Asatsu-DK for $1.4 bln

* Asatsu-DK wants to end WPP alliance (Writes through, adds source on WPP view)

BRIEF-WPP acquires majority stake in Danish digital agency, DIS/PLAY

* ACQUIRES MAJORITY STAKE IN DANISH DIGITAL AGENCY, DIS/PLAY Source text for Eikon: Further company coverage:

WPP suffers worst day since 1998 after consumer goods groups cut spending

LONDON WPP , the world's largest advertising group, cut its sales target for the second time in six months on Wednesday after consumer goods giants curbed spending, putting its shares on track for their worst day in 19 years. | Video

Media stocks weigh on European shares as WPP sinks

LONDON Media stocks weighed on European markets on Wednesday, led lower by sharp declines in advertising giant WPP after it cut sales forecasts on weakening demand.

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