David Blecken
Dec 7, 2017

ADK completes deal to sell to Bain Capital

A saga that began in October has reached its conclusion.

Shinichi Ueno, president and CEO of ADK

Bain Capital has successfully acquired the shares needed to take over Asatsu-DK ADK. The private-equity firm announced 87% of ADK shares have been tendered to its offer. Bain's deal to buy ADK, Japan's third-largest advertising agency, for 3,660 yen US$33 per share required the support of 50.1% of shares to proceed.

The completion of the tender offer follows a tense period during which WPP, ADK’s largest shareholder, accused Bain of...

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