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WPP: GroupM Buys Alchemedia for Undisclosed Sum

LONDON--Advertising firm WPP PLC (WPP.LN) said Monday its wholly owned operating company, GroupM, has agreed to acquire Alchemedia Inc., a media planning & buying agency in South Korea, for an undisclosed sum. MAIN FACTS: -Alchemedia's audited revenue for the year ended Dec. 31, 2011 was 1.4 billion Korean won, with gross assets of KRW10.0 billion. -WPP shares closed Friday at 773 pence valuing the company at 9.74 billion pounds. -Write to Ian Walker at ian.walker@dowjones.com

Stock News for Wpp (WPPGY)
DateTimeHeadline
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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
07/30/201516:17:00Wunderman Health Acquires ABS Creative to Expand Its Presence...
07/30/201516:05:47Report of Foreign Issuer (6-k)
07/30/201505:13:08WPP's Wunderman Health Buys Majority Stake in ABS Creative
07/30/201504:43:17Chime Communications in Offer Talks With WPP, Private Equity...
07/29/201514:07:00OgilvyOne Vietnam Captures Cannes Chimera Challenge
07/28/201515:56:26Report of Foreign Issuer (6-k)
07/28/201509:56:00Wunderman Suits Up for New York's Future
07/28/201509:38:19WPP Unit Invests in Israeli Data Analytics Firm
07/23/201517:19:35Report of Foreign Issuer (6-k)
07/20/201509:03:00Survey Finds Earned Media More Essential than Ever in Today's...
07/20/201505:04:33WPP Unit Acquires Majority Stake in Turkish Marketing Firm
07/16/201510:31:00Wunderman Calls On Uber
07/15/201518:18:00Ogilvy Public Relations Announces Dedicated Retail Offering...
07/07/201516:54:22Report of Foreign Issuer (6-k)
07/07/201504:35:49WPP: Commarco Buys Interest in Nicole Weber, Germany
07/06/201517:23:39Report of Foreign Issuer (6-k)

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