Around the Net

Herro Endorses Bollore For Aegis Takeover

David Herro, chief invesetment officer of Harris Investments in London, is quoted in the Financial Times as saying that Vincent Bollore is "Aegis' best hope. He is needed there." Any expression of sentiment on this subject by Herro--known for leading the shareholder revolt that ousted the Saatchi brothers from Saatchi & Saatchi a decade ago--is regarded as important because Harris Investments was Aegis' largest shareholder until August, when Bollore began to buy stock in the company. Bollore now owns 25 percent of Aegis. Last Friday, WPP Group and Hellman & Friedman announced that they were not intending to make an offer for Aegis.

Read the whole story at Financial Times »

Next story loading loading..