News of the sale of a 60% stake in its Kantar market research division was nearly exactly in line with what investors were expecting from advertising giant WPP (WPP).
Kantar valued at $4 billion (£3.2 billion) in the proposed transaction, equivalent to a multiple of 8.2x 2018 Kantar headline EBITDA.
Luca Bassi, of Bain Capital says it sees "many opportunities for expansion" in Kantar. The rest of the money will be returned to shareholders, WPP said, adding the deal was subject to backing from investors and other regulatory and legal approvals. It will further simplify and reposition WPP for growth, whilst unlocking significant value for shareholders.
Bain Capital, an American private equity firm, will acquire a 60% stake in Kantar under the proposed transaction terms, with proceeds for WPP expected to be 3.1 billion United States dollars (£2.5 billion). With Bain Capital as a partner who shares its ambition and brings relevant expertise, Kantar can accelerate its growth and impact for its clients, he explained.
Another Bain managing director, Christophe Jacobs van Merlen, said the firm has "confidence" it can grow Kantar "both organically and by acquisition". We are focused on delivering "human understanding at scale and speed" and the "best of Kantar" more consistently. The deal is pending the approval of WPP shareholders and antitrust regulators in the European Union, the United States, Brazil, China, Russia, Turkey, South Korea, South Africa and Mexico.
Labour, meanwhile, continue to contest the Panorama findings, with Jeremy Corbyn claiming it contained "many, many inaccuracies". Ms Thornberry said she found the Panorama episode "awful" - both the programme itself and "more importantly the revelations".
Mueller's testimony because they're afraid the Democratic presidential candidates are too weak to beat him on the merits in 2020. However, lawmakers are banking on public testimony to reveal the contents of the report to Americans who have not read it.
Tout le monde a été surpris, moi le premier. "Mais c'était une opportunité que je ne pouvais pas laisser passer ". Après une dernière saison effectuée au LOSC, l'ancien international hollandais a pris sa retraite à l'été 2008.
Impressionnante en défense, Simona Halep a complètement étouffé l'Américaine, sans aucune solution cet après-midi pour rivaliser. Pendant l'échauffement, je me sentais bien. Ça m'a donné un peu plus de confiance.
Officers pulled the driver over in Kitcher, Ontario after a someone called the police to make an unspecified "traffic complaint". Additionally, the auto seat should be in the backseat and not the front, where air bags can severely injure small children.
But pressed on whether the United Kingdom would be out by Christmas, he said: "I'm not going to give you those commitments". Asked whether he would be prepared to delay by days, weeks or months, Hunt replied: "Well, it's not going to be months".
Elliott was handcuffed immediately after the altercation, which a bystander filmed, but he wasn't arrested or charged. Attorneys for the Cowboys released a statement on Saturday saying Elliott is the "target of extortion".
Users can now trade bitcoin (BTC), ether (ETH), XRP , binance coin ( BNB ), tron (TRX) and tether (USDT). However, bear in mind, the token burn has not yet occurred which could further push up the price.
Sunny and dry forecast this weekend
FRIDAY: Mostly sunny skies and scattered rain showers and thunderstorms will be possible, with a high temperature of 93 degrees. Thursday will be partly sunny with a 40 percent chance of showers and a high of 90 and a low of 73.
James proche de s'engager avec l'Atlético — Real Madrid
Les dirigeants de Naples ont vu ces derniers jours apparaître l'ombre de l'Atlético Madrid se dresser autour de James Rodriguez . Zinedine Zidane , avec lequel il entretient des relations fraîches, ne compte pas sur lui pour son nouveau projet.
Amazon Prime Day is the new Black Friday!
You'll need to be an Amazon Prime member in order to get these deals - however, there's a way around paying the Prime prices . Cinephiles will find deals on movie rentals and DVDs on Amazon's Prime Video website and the Prime Video app.
'We Are Prepared To Make Sacrifices For James Rodriguez'
He has understood that, he knows, Ancelotti spoke to him and was able to motivate him. "We are waiting for the time to be right". Atletico are close to completing James' signing from Real Madrid , with his current club the only obstacle standing in the way.
Sugary drinks may cause cancer, study shows
The French researchers say the link "was strongly driven by sugar content" and they blame blood sugar levels. Method: The research team collected data from 100,000 French men and women , who had an average age of 42.