|Bid||1,270.00 x 593300|
|Ask||1,271.00 x 208500|
|Day's Range||1,265.00 - 1,279.00|
|52 Week Range||1,238.45 - 1,928.07|
|PE Ratio (TTM)||9.33|
|Earnings Date||Aug 21, 2017 - Aug 31, 2017|
|Forward Dividend & Yield||0.96 (5.19%)|
|1y Target Est||1,626.26|
Advertising company WPP PLC (WPP.L) has agreed to a $1.35 billion (1.02 billion pounds) tender offer from Bain Capital LLC for Japanese peer Asatsu-DK Inc (9747.T), of which it owns 25 percent, an about-face that heralds an end to a soured partnership. A draft statement from Bain seen by Reuters on Tuesday showed WPP had agreed to the offer it initially rejected last month. The tender offer was scheduled to close on Tuesday, but the draft statement showed Bain had extended the offer until Dec. 6.
TOKYO (Reuters) - Advertising giant WPP PLC (WPP.L) has agreed to sell its stake in Japanese partner Asatsu-DK Inc (ADK) (9747.T) for 3,660 yen ($32.53) per share to Bain Capital LLC, the private equity ...
WPP, the world's biggest advertising company, is working on an assumption that its 2018 organic net sales will be flat following a sharp slowdown in 2017, its chief finance officer said on Thursday. Speaking at the annual Morgan Stanley European TMT conference in Barcelona, Paul Richardson said he did not expect a dramatic change in the global economic environment. "On day one, the going in assumption I suspect would be for no dramatic change in the global economic environment," he said.
Advertising giant WPP (WPP.L) said it would be prepared to raise its stake in Japanese partner Asatsu-DK Inc (ADK) (9747.T) to 33 percent from 25 percent if a disputed tender offer for the company by U.S. private equity fund Bain Capital failed. ADK is seeking to end a two-decade-old business alliance with WPP, asking the world's largest advertising group to sell its shares to Bain in a $1.35 billion deal.
Undervalued companies, such as Kenmare Resources and Central Asia Metals, are those that trade at a price below their actual values. There’s a few ways you can measure the valueRead More...
Advertising giant WPP said on Thursday it was taking legal action against partner Asatsu-DK Inc, deepening a row over the Japanese firm's backing for a $1.3 billion buyout offer from Bain Capital. WPP, ...
U.S. private equity fund Bain Capital plans to extend a deadline for its $1.35 billion bid for Asatsu-DK Inc by around a week to give shareholders more time to review the deal after Asatsu-DK shareholder WPP took legal action, a senior Bain official said on Thursday. WPP, the world's largest advertising group, said it was taking legal action against its partner Asatsu-DK, deepening an acrimonious spat over the Japanese advertising agency's backing for the takeover deal.
U.S. private equity fund Bain Capital plans to extend a deadline for its $1.35 billion bid for Asatsu-DK Inc by around a week to give shareholders more time to review the deal after Asatsu-DK shareholder WPP took legal action, a senior Bain official said on Thursday. WPP, the world's largest advertising group, said it was taking legal action against its partner Asatsu-DK, deepening an acrimonious spat over the Japanese advertising agency's backing for the takeover deal. Last month, Asatsu-DK said it had told WPP that it planned to end their two-decade business alliance, and asked WPP to sell its shares to Bain.
Japanese advertising agency Asatsu-DK Inc said on Thursday that WPP, its largest shareholder, has agreed to terminate its business alliance with the company. The decision comes amid a $1.35 billion offer to buy Asatsu-DK from U.S. private equity firm Bain Capital. WPP and other Asatsu-DK shareholders have said the Bain offer significantly undervalues the Japanese company.
Global research consultancy Kantar TNS announced today that Rob Wengel has been appointed EVP of its Client Development team and will also lead the Innovation practice across the Kantar portfolio in North America.
WPP (WPP.L) cut its sales expectations for the third time this year on Tuesday and said net sales would not grow in 2017, with weak client spending and technological disruption putting it on course for its lowest growth since the financial crisis. The bleak outlook from the world's largest advertising company and similar forecasts from peers have prompted fears of structural change as consumer goods giants like Unilever cut spending and Google and Facebook transform the industry. Competition among the big four of WPP, Omnicom (OMC.N), Publicis (PUBP.PA) and Interpublic (IPG.N) has become fierce as clients review the effectiveness of their marketing budgets.
WPP cut its annual sales forecast for the third time this year, as the world’s largest advertising company struggles to boost revenue at a time when previously big-spending consumer-goods firms are ratcheting ...
WPP saw its biggest decline in North America, reporting a like-for-like revenue was down 5.1% and like-for-like sales down 4.9%
WPP Plc cut its sales forecast for a second time in three months as clients further reduced marketing spending, adding to evidence of the advertising industry’s distress.
The deterioration of the agency sector does not come amid an economic slowdown. The reason being: big packaged goods advertisers are cutting down on ad spending. These companies are being squeezed between the Amazon juggernaut.
WPP Plc, the world’s largest advertising company, is having its worst year since the financial crisis. Investors find out with Tuesday’s quarterly report whether Martin Sorrell is arresting the slump.
LONDON (Reuters) - European pay-TV group Sky (SKYB.L) has launched a review of how it places and plans advertising, its first review in 13 years that could shake up which agencies it employs. Sky, one ...
HONG KONG/TOKYO, Oct 18 (Reuters) - Bain Capital defended its $1.35 billion offer to buy Asatsu-DK Inc on Wednesday as shareholder opposition to the deal grew, saying the offer is "fully priced". Hong Kong-based activist hedge fund Oasis Management Company and other shareholders of Japan's third-largest advertising agency have said the offer is too low.
Asatsu-DK Inc.’s chief executive officer said he is determined to sever an alliance with top stockholder WPP Plc, seven months after the world’s largest advertising agency called on share owners to vote ...
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. Bain announced an agreed deal to buy Japan's third-largest advertising agency this month for $1.35 billion, marking a 15.4 percent premium over the day before it was announced. However the news triggered a backlash from WPP, which owns a 24.96 percent stake in Asatsu-DK.