David Blecken
Oct 3, 2017

Why WPP may fight Bain’s bid for ADK

ADK seeks freedom from an unproductive partnership, but WPP sees Bain's offer as too low, sources have indicated.

Shinichi Ueno

WPP plans to contest Bain Capital’s 152 billion yen US$1.35 billion offer to buy ADK, which was announced on 2 October, the FT has reported.

WPP has held a 25 percent stake in ADK for 20 years, valued at around $290 million. ADK also holds a 2.4 percent stake in WPP worth $576 million. It is not clear how other international shareholders will respond to Bain's move. Completion of the deal would see...

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