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Aegis Sets Deadline For WPP, H&F Offer

Hours After WPP Group Chairman-CEO Martin Sorrell told analysts that WPP and private equity firm Hellman and Friedman are still "mulling" a bid to take over Aegis Group, the Aegis board issued an advisory saying Europe's Takeover Panel has agreed to impose a deadline of 12:00 noon (GMT) on Nov. 25 for WPP and H&F to "announce a firm intention to make an offer for Aegis."

Read the whole story at MediaDailyNews, October 28, 2005 »

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