HOTLINE: WPP is attempting to pull out of takeover

WPP is attempting to pull out of its takeover of Tempus Group. It

is seeking consent from the Takeover Panel to invoke a material adverse

change condition clause. A statement issued on Wednesday by WPP said:

"The board of WPP remains convinced of the strategic merits of combining

WPP and Tempus. However, it is the unanimous view of the WPP board that

there has been a material adverse change in the prospects of the Tempus

Group following the announcement of WPP's offer and, in particular,

following the terrorist attacks in the United States on 11 September".



Topics

Become a member of Campaign

Get the very latest news and insight from Campaign with unrestricted access to campaignlive.co.uk , plus get exclusive discounts to Campaign events

Become a member

Looking for a new job?

Get the latest creative jobs in advertising, media, marketing and digital delivered directly to your inbox each day.

Create an alert now

Partner content