WPP Group PLC confirmed that it had...

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. Besides an initial cash payment of $10 million, payments of cash and stock shares in 1988 will reach a maximum of $1.5 million and $5 million in 1991. The British marketing firm said the final payment in 1992 will be conditional on the post-tax profits of Mendoza Dillon.