WPP plc makes takeover bid for WPP AUNZ

November 30, 2020 8:43

WPP plc, majority shareholder of WPP AUNZ, has sent an unsolicited proposal to acquire all of the ordinary shares in WPP AUNZ that it does not already own at a price of $0.55 per share in cash.

WPP plc has made a takeover bid for WPP AUNZ

In an announcement that was published on the ASX at 8:20am November 30, it was noted that “WPP plc has reserved the right to withdraw the Proposal at any time prior to execution of an implementation agreement in relation to the Proposal. WPP plc currently own 61.5% of the issued capital in WPP AUNZ.”

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Damian Francis

I take care of the operations and subscription content at Unmade. I was previously head of content at Mumbrella and prior to that, editor of AdNews. I have been a journalist since 2004.