WPP plc the global communications services group, and Press Index S.A., a media intelligence and monitoring business, announced today exclusive negotiations for the acquisition by WPP of shares representing 87% of the outstanding shares of Press Index from its founders as well as other sellers.
Provided this transaction completes, the purchaser would initiate an all-cash simplified tender offer (followed as the case may be by a squeeze-out procedure) to acquire the remaining outstanding shares of Press Index, in accordance with the General Regulation of the French Autorité des Marchés Financiers.
The price per share would be €6.81 in cash. This price would currently value Press Index at approximately €11.2 million total equity value.
UK, London & France, Paris
Related articles:
- JWT to acquire majority stake in Hungama Digital Services in India Posted on June 13, 2012
- KBM Group to acquire a majority stake in digital data agency Predictys SAS Posted on May 29, 2012
- Ogilvy & Mather to acquire a stake in Today Advertising in Myanmar posted on May 21, 2012
- WPP’s Possible Worldwide acquires Grape LLC in Russia Posted on May 18, 2012
- WPP’s Penn Schoen Berland acquires First Movies International Posted on April 19, 2012
- WPP Digital invests in mySupermarket Posted on April 19, 2012
- WPP acquires EffectiveUI Posted on April 16, 2012
- WPP acquires stake in multinational retail marketing agency, Barrows Posted on April 16, 2012
- WPP to acquire Carnation Internet Tanácsadó Zrt in Hungary Posted on April 16, 2012
- WPP acquires Crowdverb, an advocacy firm in the US Posted on April 16, 2012
- WPP’s Kantar Retail to acquire minority interest in retail consultancy GME in the UAE Posted on April 16, 2012
- JWT to acquires stake in digital agency, Converge Technologies in Pakistan Posted on March 20, 2012
- 24/7 Real Media acquires digital video advertising company Panache Posted on December 6, 2011
- Possible Worldwide Acquires Brazilian Digital Agency Grïngo posted on June 3, 2011
- WPP Acquires a Majority Stake in F.biz, the Largest Independent Digital Agency in Brazil Posted on June 3, 2011
- WPP acquires Who Digital in Vietnam Posted on March 23, 2011
- WPP Digital acquires Blue State Digital Posted on December 30, 2010
- WPP acquires Marketing Direct Posted on December 9, 2010
- WPP acquires consumer and business transaction data firm I-Behavior Posted on November 10, 2010
- ghg acquires Geoff Howe Marketing Communications Posted on August 29, 2010
- WPP Digital takes stake in digital advertising measurement firm in China Posted on August 13, 2010
Fusion Corporate Partners 