Arab Today, arab today japanese ad giant dentsu buys aegis for £316 bn
Last Updated : GMT 19:08:34
Arab Today, arab today
Arab Today, arab today

Japanese ad giant Dentsu buys Aegis for £3.16 bn

Arab Today, arab today

Arab Today, arab today Japanese ad giant Dentsu buys Aegis for £3.16 bn

Tokyo - AFP

Japanese advertising company Dentsu snapped up British-based media group Aegis for £3.16 billion ($4.89 billion, 4.0 billion euros) on Thursday, sending Aegis shares rocketing. The surprise deal will create a new global player to compete against the likes of advertising titans Omnicom, Publicis and WPP. \"The boards of Dentsu Inc. and Aegis Group plc are pleased to announce that they have reached agreement on the terms of a recommended cash offer pursuant to which Dentsu will acquire the entire issued and to be issued ordinary share capital of Aegis,\" the firms said in a statement to the London Stock Exchange. The offer, pitched at 240 pence per share, represents a premium of 48 percent from Wednesday\'s closing share price level. In reaction, Aegis shares surged 45.6 percent to 236.2 pence in late morning deals on Thursday, as investors welcomed the bid. London\'s second-tier FTSE 250 index, on which Aegis is listed, was down 0.68 percent. \"The combination of Dentsu and Aegis will create a new global communications network for the digital age focused on delivering best-in-class brand, media, digital and marketing services for the combined client base through a fully-integrated and scalable platform,\" the statement said. It added that the new company will \"combine Dentsu\'s leadership position in the Asia-Pacific region and rapidly growing presence outside Asia with Aegis\'s leading position in Europe, strong footprint in Asia and Australia and its market leading growth in North America and the faster-growing regions\". Dentsu said it has already bought or had undertakings for about 30 percent of Aegis shares, mainly from French businessman Vincent Bollore. Bollore, the group\'s biggest shareholder, will receive approximately £535 million for his 15-percent holding. \"Dentsu and Aegis will be the market leader in the Asia-Pacific region, enjoying a strong presence across Europe and the fastest growing agency network in the United States,\" said Dentsu President and Chief Executive Tadashi Ishii. \"We have huge ambitions for a truly client-focused global communication network built in the digital age.\" Aegis chief executive Jerry Buhlmann described the deal as \"compelling\". \"This is a compelling combination of two great businesses that will create one of the world\'s most dynamic marketing services groups -- and the first to be born in the digital age,\" he said. \"We at Aegis are delighted at the prospect of being able to play a full part in helping Dentsu create a platform for global growth and continued digital innovation.\" Aegis had previously been a takeover target for French marketing group Havas, in which Bollore is the biggest investor.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today japanese ad giant dentsu buys aegis for £316 bn Arab Today, arab today japanese ad giant dentsu buys aegis for £316 bn

 



Arab Today, arab today
Arab Today, arab today Saudis await visitors but will they come?

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Blind sheikh buried in Egypt

GMT 06:32 2017 Thursday ,23 February

Blind sheikh buried in Egypt
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 16:32 2017 Wednesday ,22 February

US Treasury chief tells IMF to monitor currencies

GMT 16:08 2017 Wednesday ,22 February

Qatari banks merger to rebalance financial sector

GMT 05:57 2017 Wednesday ,22 February

Britain risks clash with EU over RBS bailout

GMT 05:26 2017 Wednesday ,22 February

Singapore carbon tax would hit refiners, help renewables

GMT 05:18 2017 Wednesday ,22 February

Chinese PM: US should avoid ‘trade war,’

GMT 20:59 2017 Tuesday ,21 February

Economy good, but homes in German cities overpriced

GMT 05:29 2017 Tuesday ,21 February

Sovereign funds pulled $38bn from markets in 2016
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Salma Rashid happy for 'A Whisper of Love'

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday