WPP shares leap amid takeover bid speculation
Advertising group declines to comment on reports of interest from rival Havas and private equity groups Apollo and KKRBusiness live – latest updatesShares in WPP have risen sharply amid speculation...
By Mark Sweney Media business correspondent · The Guardian World
Advertising group declines to comment on reports of interest from rival Havas and private equity groups Apollo and KKR Business live – latest updates Shares in WPP have risen sharply amid speculation that the advertising group could be the subject of a takeover by a rival or a private equity buyer. Its French rival Havas, which was listed on Euronext in Amsterdam in December and is controlled by the billionaire Vincent Bolloré, has reportedly held internal talks about a potential bid as WPP’s share price languishes at levels not seen since the mid-1990s . Continue reading...