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Asatsu-DK Inc (9747.T)

9747.T on Tokyo Stock Exchange

3,625JPY
14 Dec 2017
Change (% chg)

¥-15 (-0.41%)
Prev Close
¥3,640
Open
¥3,635
Day's High
¥3,640
Day's Low
¥3,620
Volume
781,100
Avg. Vol
321,149
52-wk High
¥3,980
52-wk Low
¥2,689

Latest Key Developments (Source: Significant Developments)

Asatsu-DK says shareholding structure change
Wednesday, 13 Dec 2017 02:23am EST 

Dec 13 (Reuters) - Asatsu-DK Inc <9747.T>:Says Silchester International Investors LLP cuts voting power in the co to 0 percent from 17.5 percent (7.2 million shares).Change occurs on Dec. 13.  Full Article

Asatsu-DK says termination of alliance and withdrawal of petitions by WPP Group
Wednesday, 13 Dec 2017 02:18am EST 

Dec 13 (Reuters) - Asatsu-DK Inc <9747.T>:Says co signs agreement with WPP plc and its group companies (WPP Group), regarding the termination of capital and business alliance with WPP Group and the withdrawal of the petition for arbitration and the petition for an order for provisional disposition against the co filed by WPP 2008 Limited, WPP 2005 Limited, and WPP International Holding B.V.Previous news was disclosed on Nov. 6.  Full Article

Asatsu-DK says shareholding structure change
Thursday, 7 Dec 2017 12:16am EST 

Dec 7(Reuters) - Asatsu-DK Inc <9747.T>:Says BCPE Madison Holdings Cayman, L.P. will increase voting power in the company to 87.5 percent and will become top shareholder of the company.Says its top shareholder WPP International Holding B.V. will cut voting power in the company to 0 percent from 25 percent.Effective Dec. 13.  Full Article

Bain Capital Completes Tender Offer Worth 87.05 Percent Of Japan's Asatsu-Dk Voting Rights - Filing
Wednesday, 6 Dec 2017 08:59pm EST 

Dec 7 (Reuters) - Asatsu-Dk Inc <9747.T>::BAIN CAPITAL COMPLETES TENDER OFFER WORTH 87.05 PERCENT OF JAPAN'S ASATSU-DK VOTING RIGHTS - FILING.  Full Article

Bain Capital says it agrees with WPP to buy Asatsu DK shares
Tuesday, 21 Nov 2017 03:04am EST 

Nov 21 (Reuters) - Asatsu-dk Inc <9747.T>:Bain Capital says it agrees with WPP to buy Asatsu DK shares.Bain Capital says it will extend TOB period until Dec. 6.Bain Capital says WPP agrees to buy ADK shares for 3,660 yen a share.Bain Capital says WPP will withdraw legal action against ADK if tender offer succeeds.  Full Article

WPP says it will not accept Bain's tender offer for ADK shares
Wednesday, 15 Nov 2017 06:00pm EST 

Nov 15 (Reuters) - Wpp Plc :‍WPP owns 10.3 million ADK shares, representing 24.96 pct of issued share capital of ADK​.WPP PLC - ‍WPP does not intend to accept tender offer launched by Bain on 2 October 2017 as company believes Bain has "significantly undervalued ADK​".‍WPP would welcome opportunity to engage constructively with board of ADK if tender offer fails​.WPP - With approval of board and other shareowners company would also be prepared, as requested by some shareowners, to increase shareholding in ADK to 33 percent​.  Full Article

BCPE Madison Cayman extends period of TOB for shares of Asatsu-DK
Monday, 6 Nov 2017 08:46pm EST 

Nov 7 (Reuters) - Asatsu-DK Inc <9747.T>:Says BCPE Madison Cayman, L.P. extends period of takeover bid for shares of the co to Nov. 21 from Nov. 15 previously and changes settlement date to Nov. 29 from Nov. 22 previously.  Full Article

Asatsu-DK says WPP group files petition for arbitration against co
Sunday, 5 Nov 2017 09:09pm EST 

Nov 6 (Reuters) - Asatsu-DK Inc <9747.T>:Says WPP 2008 Limited, WPP 2005 Limited, WPP International Holding B.V. (petitioners) have filed a petition for arbitration against the co.Says petitioners alleged that co's termination of business alliance agreement is invalid, the agreement between the co and Morgan Stanley & Co. International plc regarding derivative transactions for the share price of WPP shares on October 2, 2017 is in breach of the SPA, and they have the right to continue to hold co's shares held by WPP .  Full Article

Asatsu-DK says receipt of notice of termination of capital and business alliance with WPP group
Wednesday, 1 Nov 2017 11:39pm EDT 

Nov 2 (Reuters) - Asatsu-DK Inc <9747.T>:Says it received a notice of termination of capital and business alliance with WPP plc and its group companies (WPP Group) on Nov. 1.  Full Article

WPP: asking Tokyo court to declare Asatsu-DK's termination of their business alliance agreement is invalid
Wednesday, 1 Nov 2017 09:44pm EDT 

Nov 2 (Reuters) - WPP says::Asking court to declare that Asatsu-DK Inc's <<<9747.T>>> termination of their business alliance agreement is invalid.Asking court to declare that Asatsu-DK has no right to request or require WPP to sell its shares in Asatsu-DK.Seeking injunction in Tokyo District Court as well as arbitration by Japan Commercial Arbitration Association.  Full Article

Bain wins WPP support for $1.4 billion Asatsu-DK buy

TOKYO U.S. private equity firm Bain Capital has won enough shareholder support to complete its tender offer of Asatsu-DK Inc (ADK) , allowing the Japanese advertising agency to end a bitter two-decade partnership with top shareholder WPP .