A bidding war for UK media buyer Aegis loomed on Tuesday as advertising giant WPP teamed up with U.S. private equity firm Hellman & Friedman in a second takeover approach, sources close to the matter
said. Aegis is already in buy-out talks with France's Publicis, which approached the UK media firm last month with an offer of 140 pence a share, or about 1.57 billion pounds ($2.76 billion).
Read the whole story at Reuters, October 4, 2005 »