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WPP shares leap amid takeover bid speculation
Advertising group declines to comment on reports of interest from rival Havas and private equity groups Apollo and KKR
Shares in WPP have risen sharply amid speculation that the advertising group could be the subject of a takeover by a rival or a private equity buyer.
Its French rival Havas, which was listed on Euronext in Amsterdam in December and is controlled by billionaire Vincent Bolloré, has reportedly held internal talks about a potential bid as WPP’s share price languishes at levels not seen since the mid-1990s.
Source: www.theguardian.com
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