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Pin to quick picksWPP Share News (WPP)

Share Price Information for WPP (WPP)

London Stock Exchange
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Share Price: 855.00
Bid: 854.00
Ask: 854.40
Change: 9.60 (1.14%)
Spread: 0.40 (0.047%)
Open: 849.20
High: 856.40
Low: 847.00
Prev. Close: 845.40
WPP Live PriceLast checked at -

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Chime Communications Set To Be Acquired By WPP And Providence

Thu, 30th Jul 2015 05:37

LONDON (Alliance News) - Chime Communications PLC late on Wednesday said it is in advanced talks to be acquired by advertising and marketing giant WPP PLC and US buyout house Providence Equity Partners.

In a short statement, Chime Communications said it was in talks with WPP and Providence on a potential cash offer for the entire business for 365 pence per share, plus a 2.53 pence interim dividend. Chime closed Wednesday at 274.50p, so the offer would represent a 33% premium.

The deal would value all of Chime at around GBP350 million.

Chime is a London-listed sports marketing agency. WPP already owns a 20% stake in the company.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

Copyright 2015 Alliance News Limited. All Rights Reserved.

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