WPP AUNZ enters trading halt ahead of takeover outcome

December 16, 2020 10:10

Two weeks after WPP plc made a takeover bid for WPP AUNZ, the latter, ASX-listed company has entered a trading halt associated with that takeover.

In an announcement lodged with the ASX this morning, WPP AUNZ said the trading halt will lift this Friday, or when an announcement as to the takeover’s outcome is released, whichever comes first.

The company reiterated that WPP plc, the majority shareholder of WPP AUNZ with 61.5% ownership, is proposing to acquire all WPP AUNZ shares it does not already own.

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Brittney Rigby

Brittney Rigby was Mumbrella's deputy managing editor - news and analysis. She left Mumbrella in April 2021.