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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
08/24/201607:00:00WPP 2016 Interim Results
08/24/201604:30:00WPP Shares Lifted by Sales Growth
08/24/201602:51:00WPP Profit Plunges in First Half
08/23/201611:13:45Report of Foreign Issuer (6-k)
08/22/201611:09:00New Look Grey London Wins M&S
08/22/201611:03:00New Look Grey London Wins M&S
08/14/201622:00:00NBC's Ratings for Rio Olympics Fall Behind London
08/12/201614:09:18Report of Foreign Issuer (6-k)
08/10/201608:24:00Tequila Herradura Ultra Launches New Global Creative Campaign...
08/05/201616:08:05Report of Foreign Issuer (6-k)
08/05/201610:34:00WPP's Subsidiary Grey Buys Majority Stake in Maruri in Ecuador
08/05/201610:27:00Grey Group Acquires Majority Stake In Maruri Publicidad In Ecuador
08/05/201609:56:00Sudler Network Recognized at Cannes Lions Health
08/04/201604:00:00WPP Unit to Acquire Majority Stake in Turkish Marketing Agency
08/03/201609:33:00Traditional Media More Important Than Ever According To New Global...
08/02/201608:55:00Communications Company WPP Buys US Digital Agency iStrategyLabs
07/28/201617:06:33Report of Foreign Issuer (6-k)
07/25/201617:10:00U.K. Trade Chief Seeks to Calm U.S. Jitters Over Brexit
07/20/201617:13:34Report of Foreign Issuer (6-k)
07/15/201614:19:26Report of Foreign Issuer (6-k)

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