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WPP in Talks for Acquisition of 87% of Press Index, Valued at EUR11.2 Million

LONDON--WPP PLC (WPP.LN), a communications services group, and Press Index S.A. (ALPRI.FR), a media intelligence and monitoring group, announced Thursday exclusive negotiations for the acquisition by WPP of shares representing 8% of the outstanding shares of Press Index from its founders as well as other sellers. MAIN FACTS: -Provided this transaction completes, the purchaser would initiate an all-cash simplified tender offer to acquire the remaining outstanding shares of Press Index -The price per share would be 6.81 euros in cash; this price would currently value Press Index at EUR11.2 million total equity value. -WPP shares at 902 GMT, down 14 pence, or 1.79%, at 739.5 pence valuing the company at GBP9.49 billion. -Write to Rory Gallivan at rory.gallivan@dowjones.com

Stock News for Wpp (WPPGY)
DateTimeHeadline
03/27/201711:54:00Blast Radius Appoints Kevin Drew Davis As Chief Creative Officer
03/27/201711:54:00Blast Radius Appoints Kevin Drew Davis As Chief Creative Officer
03/24/201716:16:31Report of Foreign Issuer (6-k)
03/20/201705:02:00WPP: Mirum to Buy 3Ti Solutions in China
03/17/201720:26:00Burson-Marsteller Wins Twice At 2017 PRWeek Awards
03/17/201715:01:14Report of Foreign Issuer (6-k)
03/16/201712:02:00WPP Agrees to Acquire Majority Stake in Bruketa&Zinic OM
03/16/201711:37:00WPP Agrees to Acquire Majority Stake in Bruketa&Zinic OM
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03/07/201700:01:00U.S. News, Y&R's BAV Consulting and the Wharton School Unveil...
03/07/201700:01:00U.S. News, Y&R's BAV Consulting and the Wharton School Unveil...
03/07/201700:01:00U.S. News, Y&R's BAV Consulting and the Wharton School Unveil...
03/06/201717:28:31Report of Foreign Issuer (6-k)
03/04/201703:02:00WPP Forecasts Slow Ad Growth -- WSJ
03/03/201712:32:00WPP Shares Slide as Revenue Growth Slows -- 3rd Update
03/03/201710:31:54Report of Foreign Issuer (6-k)
03/03/201707:00:00WPP 2016 Preliminary Results
03/03/201703:59:00WPP Shares Slide as Revenue Growth Slows -- 2nd Update

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