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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
02/16/201709:30:00Ogilvy Launches New Client-Centric Structure in the USA
02/14/201714:35:00Y&R Creates Practice For Technology And Business Brands
02/14/201712:48:19Amended Statement of Ownership (sc 13g/a)
02/06/201706:04:05Report of Foreign Issuer (6-k)
02/03/201707:22:00WPP Invests in Virtual Reality Specialist SubVRsive
02/02/201711:30:00Wunderman New York Expands Creative Offering With Two New Hires...
02/02/201707:39:00WPP's GTB acquires Zubi Advertising Services
02/01/201710:22:00WPP's Kantar Media Acquires Newsaccess in Ireland
01/31/201716:19:00Walgreens Boots Alliance and WPP Announce Global Marketing and...
01/31/201714:37:00Grey Group Promotes Diego Medvedocky To Chief Creative Officer...
01/31/201714:00:00Fans are Influencing the Future of the Super Bowl Experience:...
01/27/201715:21:43Report of Foreign Issuer (6-k)
01/27/201706:10:15Amended Statement of Ownership (sc 13g/a)
01/26/201715:48:00Publicis Groupe Names Creative Head Arthur Sadoun to Succeed...
01/26/201714:13:00Publicis Groupe Names Creative Head Arthur Sadoun to Succeed...
01/26/201709:30:00Ogilvy Launches Center for Behavioral Science
01/26/201703:02:00Snapchat Makes Pitch for Ad Deals -- WSJ
01/25/201705:59:00Snapchat Parent Looks to Boost Ad Spend Ahead of IPO
01/24/201714:39:00Kyle Farnham Joins Burson-Marsteller As U.S. Consumer And Brand...
01/24/201707:49:00WPP's GroupM to Buy Controlling Interest in MediaCom India

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