NEWS12 October 2017
All MRS websites use cookies to help us improve our services. Any data collected is anonymised. If you continue using this site without accepting cookies you may experience some performance issues. Read about our cookies here.
All MRS websites use cookies to help us improve our services. Any data collected is anonymised. If you continue using this site without accepting cookies you may experience some performance issues. Read about our cookies here.
Insight & Strategy
Impact magazine is a quarterly publication for MRS members. You can access Impact content on this website.
NEWS12 October 2017
Asia Pacific Europe Latin America M&A Middle East and Africa News North America UK
GLOBAL – WPP has released a statement regarding Bain Capital’s intent to buy out the advertising group’s shares in Japan agency Asatsu-DK (ADK).
ADK announced last week ( 2 October) that it supported the tender offer from Bain Capital, worth $1.3bn. WPP owns a 24.7% stake in ADK.
In the statement, WPP said that the tender offer "significantly undervalues ADK", adding that this is a view stated "both publicly and privately" by other shareholders.
The statement also cast blame on ADK’s management and accused the company of attempting to "improperly" terminate the business agreement with WPP.
It said: "ADK’s management have consistently resisted opportunities to improve the performance of its overseas operations and exploration of significant digital opportunities, preferring to invest in disastrous acquisitions and consolidations such as Gonzo and Bungeisha, the costs of which have not been fully exposed, along with the disposal of DAC in 2011 at a lower price than WPP’s indication and the reduction of ADK’s stake in Video Research Interactive.
"ADK has improperly attempted to terminate its co-operation and business alliance agreement with WPP, which it knows full well that it cannot do, as on previous occasions it had abided with this instruction.
"ADK’s effective sale of its holding in WPP has attempted to circumvent the stock purchase agreement and contradicts explicit advice from key shareholders that doing so would trigger damaging and ill-advised tax charges."
Newsletter
Sign up for the latest news and opinion.
You will be asked to create an account which also gives you free access to premium Impact content.
What does effective charity marketing look like? Ian Gibbs of Data Stories Consulting and the @DMA UK examines best… https://t.co/Mm3Y922gul
Gekko partners with CloudArmy on neuroscience https://t.co/H3HVoPywM8 #mrx #marketresearch
Voxco adds three tools to its insights platform https://t.co/lTsB6ACI24 #mrx #marketresearch
The world's leading job site for research and insight
Resources Group
Qualitative Research Manager – Government & Social clients – Specialist Social Research Agency
£35–£40,000 + great benefits
Resources Group
Quantitative Research Manager – Central London or Remote – Tech, Telcos, Gaming!
£38,000–£42,000+ benefits
Resources Group
Research Manager – Leading Professional Body (Client Side role)
To £55,000
Featured company
Town/Country: London
Tel: +44 (0)20 7490 7888
Kudos Research are leading providers of premium quality UK and International Telephone Data-Collection. Specialising in hard to reach B2B and Consumer audiences, we achieve excellent response rates and provide robust, actionable, verbatim-rich data. Methodologies include CATI, . . .
RT @researchlive: What does effective charity marketing look like? Ian Gibbs of Data Stories Consulting and the @DMA_UK examines best pract…
The post-demographic consumerism trend means segments such age are often outdated, from @trendwatching #TrendSemLON
0 Comments