Taylor Nelson rejects WPP's latest approach

It's a big premium to where the shares were before the takeover spat began and to where they are likely to fall back to if Sir Martin decides to throw in the towel. Even capitalising the promised synergies, the board's preferred merger with GfK of ...

The approach, raised to 0.1889 WPP shares and 173p per TNS share, was made hot on the heels of a Takeover Panel "put up or shut up" order issued on Wednesday that gives Sir Martin Sorrell's company one week to make a clear statement of its ...

Sir Martin Sorrell hit back last night at the chairman of TNS, Donald Brydon, who had rejected a fresh £1.08bn bid from Sorrell's WPP advertising empire and told him to stop interfering in a planned merger with German firm GfK. Sir Martin said ...

Taylor Nelson said that the GfK deal still represented better value for shareholders, adding that WPP's continued offers and associated "commentary and innuendo" were an attempt by the world's second biggest advertising company to disrupt the ...

Research firm TNS has rejected WPP's latest offer of almost £1bn and told Sir Martin Sorrell to "stop interfering". WPP made an offer of £1.078bn, two-thirds cash and one-third WPP shares, late yesterday, arguing that combining TNS with its own ...