The Week: City News - WPP close to TNS takeover

The WPP Group is close to securing its takeover of the market research company TNS after 81.8 per cent of shareholders accepted the £1.1 billion bid.

Last week, the TNS Board recommended the £1.1 billion takeover offer to its shareholders. WPP said its offer would become unconditional to further acceptances once it had reached the 75 per cent mark.