Business
WPP Buying Canadian Firm: WPP Group PLC of London said it has agreed to buy PARG, Public Affairs Resource Group of Toronto, one of Canada’s largest public affairs consulting and public opinion research firms.
Feb. 28, 1989
Preferred Shareholders Obtain Control of WPP: Voting control of WPP Group PLC, the world’s largest ad agency, has passed to its preferred shareholders because WPP failed to pay them dividends.
Nov. 2, 1991
WPP Group PLC, making a big pitch to win Ogilvy Group Inc., today raised its buyout proposal for the reluctant advertising firm to $800 million from the previous $725 million.
May 8, 1989
WPP Group PLC confirmed that it had purchased the Newport-beach based Latino ad firm, Mendoza Dillon & Asociados Inc. for a price that could reach $25.5 million, based on the agency’s post-tax profits over a three-year period ending in 1991.
Dec. 16, 1987
Ogilvy Group Inc. today said that it has begun talks with Britain’s WPP Group PLC, which has made a $50-a-share takeover offer for the American advertising company and has indicated its willingness to increase the bid.
May 12, 1989
The price of Ogilvy Group Inc. stock soared $16 a share in early trading on Wall Street today after the U.S. advertising company gave a cool response to a $725-million takeover offer from Britain’s WPP Group PLC.
May 1, 1989
Technology and the Internet
A long-rumored takeover bid for Ogilvy Group Inc. materialized Sunday with the announcement that Britain’s WPP Group PLC has made a cash offer of about $720 million for the New York advertising company.
An upstart British company’s audacious takeover of fourth-ranked J.
July 6, 1987
WPP Plc Chief Executive Martin Sorrell is resigning after 33 years, following allegations of personal misconduct and misuse of company assets, marking an abrupt end to a storied career at the top of the advertising industry.
April 14, 2018
Entertainment & Arts
British advertising giant WPP Group PLC, buoyed by acquisitions of the U.S.-based J.
March 8, 1990