WPP's Ogilvy & Mather Acquires Dnx
May 22 2014 - 8:37AM
Dow Jones News
LONDON--Advertising group WPP PLC (WPP.LN) Thursday said its
subsidiary Ogilvy & Mather has acquired dnx, a U.K.-based
business-focused marketing agency with annual revenue of 8.4
million pounds.
MAIN FACTS:
-WPP did not disclose a sale price, but dnx's consolidated
revenues for the year ended June 30, 2013 were GBP8.4 million, with
gross assets of GBP3.7 million as at the same date.
-Shares at 1205GMT, up a penny, or 0.08%, at 1,259 pence valuing
the company at GBP16.73 billion.
-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter:
@RoryGallivan
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