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WPP posts TNS offer documents

By Sarah Arnott

Saturday, 2 August 2008

WPP sent out its formal offer document to TNS shareholders last night, despite the cash and share offer - worth 263p at yesterday's prices - being rejected by the market research group's board last month. TNS shareholders have until 29 August to respond.

GfK, whose plans for a nil-premium merger with TNS were scuppered by the WPP approach, responded yesterday with a statement confirming that it is still “actively pursuing” an all-cash offer for TNS and urging the company's shareholders to “take no action” - although it made no assurances that an offer will be made.

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[info]sixlegslong wrote:
Wednesday, 29 April 2009 at 08:27 pm (UTC)
If you just look at what are the real driving factors behind this business story, and who are the real causes of this news being on the independent, you'll see that its the failiings of business leadership in our companies that's actually causing it. Bad business... causes more bad business... a visicious circle!
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