Dentsu To Pay $5B For Aegis In Bid To Spur Global Growth

Law360, New York (July 12, 2012, 2:04 PM EDT) -- Japanese advertising giant Dentsu Inc. will swallow U.K. media company Aegis Group PLC in a £3.2 billion ($5 billion) deal that will extend Dentsu's global reach, giving it entry into growth-driving markets outside its home country, the pair said Thursday.

The 240 pence per share price offered to investors represents a 45 percent premium over Aegis' average closing price in the three months leading up to the deal's announcement. Aegis expects to close the deal sometime in the fourth quarter.

The transaction is subject to shareholder...
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