Report Renews Aegis Takeover Speculation

  • July 16, 2007
A new report by the equity research team at UBS is renewing speculation that U.K.-based Aegis Group may be a takeover target. Boosting Aegis shares to a "buy" rating, UBS recommended investors acquire shares to capitalize on an anticipated deal that could nearly double the value of Aegis stock. The report anticipates that a likely suitor would not be Vincent Bollore, the chairman of Havas who also is the largest shareholder of Aegis Group, but one of the other major agency holding companies such as WPP, Omnicom, or Publicis.
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