News 31
Japanese ad giant Dentsu to buy UK's Aegis for $5 billion
(Reuters) - Japanese ad giant Dentsu is buying marketing
group Aegis for 3.2 billion pounds ($5 billion), the biggest deal
in its history as it seeks to expand outside its home market with
the British firm's European and digital business.
Dentsu said it had agreed to pay 240 pence for each Aegis share,
a 48 percent premium to the closing price on Wednesday, sending
shares in the target group up 45 percent to 235 pence.
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Source - http://uk.reuters.com/
