Filed under: Corporate Communications, Financial/IR, Measurement/Monitoring
Author: Tonya Garcia
After numerous attempts by WPP Group to acquire Taylor Nelson Sofres (TNS), TNS executives have released a statement recommending that shareholders accept the latest WPP offer. WPP’s efforts first began with a hostile bid in July. By Friday, 61% of TNS investors had accepted the offer, which totals about $2 billion. TNS still maintains that the offer is too low, but WPP Group that they would not raise the bid. The offer will remain open until October 8.
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Tags:Cymfony, TNS, WPP Group