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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
08/28/201510:19:04Report of Foreign Issuer (6-k)
08/28/201506:05:30Report of Foreign Issuer (6-k)
08/28/201503:12:00WPP Acquires Stake in Australia's Rapid Media Services
08/27/201511:05:00WPP Nonexecutive Chairman Roberto Quarta Buys 13,200 Shares at...
08/27/201502:53:00WPP: JWT Buys Majority Stake in Webling in Australia
08/26/201518:04:00ADRs End Higher; Syngenta Declines
08/26/201507:04:00WPP Issues Warning on China -- Update
08/26/201507:00:00WPP 2015 Interim Results
08/26/201503:20:00WPP Posts Sharp Rise in First-half Profit
08/26/201503:07:00WPP Posts Strong First-Half Profit on Growth in U.K., North America
08/18/201516:00:00Hedge Fund Boosts Stake in Glencore
08/13/201510:10:00Brett Pulley Joins Burson-Marsteller As Senior Advisor
08/11/201510:00:00Ogilvy PR's Emerging Brand Offering, Espresso, Expands Client...
08/10/201509:00:00Ogilvy & Mather Worldwide CCO Tham Khai Meng to Teach Berlin...
08/06/201507:36:00Ogilvy & Mather Takes On New Strategic Partner
08/05/201517:21:35Report of Foreign Issuer (6-k)
07/31/201513:03:28Cambium Global Timberland Appoints Chairman; Chime Communications...
07/31/201507:59:47Chime Communications Agrees Offer; BMR Mining Reports Progress
07/31/201506:42:28Chime Communications Accepts WPP Consortium Offer--Update
07/31/201503:19:45Chime Communications Accepts GBP374 Million Offer From WPP Consortium

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