WPP AUNZ enters Scheme Implementation Deed with WPP plc

December 30, 2020 8:31

WPP plc is set to complete its purchase of the remaining shares of WPP AUNZ before July following a Scheme Implementation Deed announcement on Christmas Day.

This follows the announcement on 17 December 2020 regarding the revised proposal from WPP plc, under which it is proposed that WPP plc will acquire all of the ordinary shares it does not already own for A$0.70 per share in cash. This followed an initial offer of $0.55 per share.

At the A$0.70 per share WPP AUNZ has an implied enterprise value of $717 million.

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Olivia Kruimel

Olivia Kruimel was the managing editor at Mumbrella. She has more than 15 years of experience in journalism, communications and marketing. Her journalism career began at Fairfax Media (now part of Nine) and includes various B2B publications such as B&T, Travel Today and ALB. As a marketer Olivia has worked for Standard Chartered and various global law firms.