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Court approves WPP shareholder meeting on takeover bid

and
March 16, 2021 11:21

The New South Wales Supreme Court has approved a WPP AUNZ shareholder meeting on 21 April to consider and vote on WPP plc’s takeover bid.

In addition, a PricewaterhouseCoopers report has concluded the takeover is fair and reasonable, and in the best interests of WPP AUNZ minority shareholders. According to the report, the market value of a WPP AUNZ share sits between $0.62 and $0.80; WPP plc upped its offer from $0.55 to $0.70 per share in December.

WPP AUNZ CEO Jens Monsees

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Brittney Rigby was Mumbrella's deputy managing editor - news and analysis. She left Mumbrella in April 2021.

Topics
WPP AUNZ WPP plc WPP takeover
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