WPP announces that its wholly-owned operating network Kantar, the information, insight and consultancy group, has completed its acquisition of 1,446,139 shares, representing 87.76% of the share capital of Press Index (NYSE Alternext: ALPRI) (“Press Index”).
As a next step, Kantar will launch a simplified cash public tender offer to purchase the remaining outstanding shares of Press Index. If, at the end of the public tender offer, the non-tendered shares represent less than 5% of the share capital of Press Index, Kantar intends to implement a squeeze-out procedure.
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