In Brief: Wpp Closes in On Grey Global White Joins Standard Life in the Running for Pr Awards

Summary


ADVERTISING giant WPP, headed by Sir Martin Sorrell, is close to winning control of Grey Global, the last major independent advertising services group, as a tight bidding war against private equity houses Hellman & Friedman and Kohlberg Kravis Roberts accelerates.

French agency Havas has pulled out of the bidding after shareholders baulked at the mounting bid price.

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Extract


In Brief: Wpp Closes in On Grey Global White Joins Standard Life in the Running for Pr Awards

Both WPP and the private equity consortium upped their ...

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