Group Claims to Win Bid for Grey Global
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WPP Group PLC, the London-based advertising giant, said Sunday that it had won the bidding to acquire Grey Global, based in the United States.
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UK advertising group WPP beats France's Havas to win a bidding war for US firm Grey Global which could cost as much as Â£750m.
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Private equity firm The Carlyle Group  is mulling a bid for the generics business of Germany's Merck  KGaA , a unit worth at least 4 billion euros ($5.3  billion), a source close to the process said.
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WPP Group Plc, the world&#39;s second- largest marketing and advertising company, said it will pay about $1.52 billion for Grey Global Group Inc.
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Business & money: Â· Group in talks with banks as deadline loomsÂ· Only increased offer will win over Rio Tinto board
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Business & money: Global Radio refuses to rule out higher bid as it attempts to get the rival firm's shareholders on side
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British advertising firm WPP has agreed to buy smaller U.S. rival Grey Global for &#36;1.31 billion, equally divided in cash and shares, to put it on par with industry leader Omnicom.
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Business News, MELBOURNE, Financial group HHG has agreed to sell its life insurance business, including Pearl, National Provident Life and London Life, for 1.025 billion pounds to Life Company Investor Group, and plans to return 875 million pounds of the
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British advertising firm WPP WPP.L has agreed to buy  smaller U.S. rival Gray Global for $1.31 billion, equally  divided in cash and shares, to put it on par with industry  leader Omnicom OMC.N. Gray Global shares closed at $940 on  Nasdaq.
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British utility firm AWG said it had agreed a consortium takeover worth 2.213 billion pounds (3.272 billion euros, 4.145 billion dollars) -- but has also received approaches from other bidders.
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WPP Group (WPPGY:Nasdaq ADR - news - research) sank 3% after the British ad agency agreed to buy New York&#39;s Grey Global (GREY:Nasdaq - news - research) for about $1.
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An investment group is expected to  announce Monday that it has struck a deal to buy British water  utility AWG PLC  for about $4.12 billion, a source  familiar with the situation told Reuters on Sunday.
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Blog: Company is also in talks with the group that has sued it, according to a report in The Wall Street Journal.
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British advertising agency company WPP Group PLC has clinched a deal to buy Grey Global Group of New York in a cash-and-stock deal valued at $1.
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Business & money: Â· Drinks group signs Â£460m deal with Ketel OneÂ· Dutch vodka expected to cut into top seller's market
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LONDON As a deadline for bids drew near, Grey Global, the New York-based advertising and marketing company, was expected to receive at least two bids to buy the company, with a possible third offer still uncertain, people briefed on the process said
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Osprey, an investment group including Canadian, Australian and British firms, said on Monday it was making a 2.2-billion-pound ($4.1 billion) offer for water firm AWG .