A master deal maker got more than he bargained for when he tried to make an acquisition

Article Abstract:

WPP Group PLC CEO Sir Martin Sorrell is known as an aggressor in the field of ad agency mergers and acquisitions. The size and complexity of any proposed merger has never fazed him. In trying to outmanuever France's Havas Advertising in bidding for Tempus Group however, Sorrell got involved in tussles with unhappy stockholders and regulators. He now is forced to proceed with a cash merger of Tempus Group media buying service valued at $626 million.

United Kingdom, Asset sales & divestitures, Acquisitions & mergers, Advertising Sales Services, Media Buying Agencies, Agency Formation/Mergers, Advertising, not elsewhere classified, Mergers, acquisitions and divestments, Acquisitions and mergers, Media buying services, Sorrell, Marting (British advertising executive), WPP Group PLC, Tempus Group PLC

---

Japan's dominant agency is looking overseas, but it will find that world to be much less congenial

Article Abstract:

Japan's most influential ad agency for over 100 years, Dentsu dominates over Japan's $50 billion ad market. Last week, the ad giant presided over an enthusiastically received initial public offering, only to see shares settle at 12% up, below expectations. Dentsu hopes to expand its overseas business, now only 5% of its $14.8 billion yearly earnings of 2000. The competition is daunting what with the formation of new global agencies via mergers, and the political generosity of the Japanese government to the agency would not apply in other countries.

Japan, Contracts & orders received, Agency Planning/Goals, Contracts, Going public (Securities), Initial public offerings, Dentsu Tec Inc., Narita, Yutaka

---

Similar abstracts:

• Abstracts: Weak reception: U.S. lagging behind in wireless, and that may be just as well. Wireless Internet casts its shadow, and substance, in New York
• Abstracts: Temp workers at Microsoft win lawsuit; benefits were denied to more than 8,000
• Abstracts: Ruined imputation: falling corporate tax rates are another reason for investors to reassess imputation funds. Don't discount this advice: how to avoid being slugged when investing in managed funds
• Abstracts: The history man: John Howard's place in history is assured but the next battle the PM faces is recapturing its writing from the 'elites' he so despises
• Abstracts: Signs of life in e-commerce. Online travel is active despite economy and terror. Barbarians At the Digital Gate

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.