Bain Capital Nears Kantar Deal -FT
July 01 2019 - 12:53PM
Dow Jones News
--Private-equity firm Bain Capital LLC is set to enter talks to
buy a majority interest in Kantar--the market-research business of
WPP PLC (WPP.LN)--in a deal that would value the business at around
$4 billion, the Financial Times reports, citing unnamed sources
.
--The British business daily said that the two companies are
looking to finalize an agreement by the end of the week.
--The FTSE 100-listed advertising group said it was looking to
divest itself of Kantar in October as it sought to pay down debt
and simplify operations.
Full story: https://on.ft.com/2XDxZEp
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(END) Dow Jones Newswires
July 01, 2019 12:38 ET (16:38 GMT)
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