Advertiser WPP prepared to up stake in Japan's Asatsu-DK if Bain offer fails

Advertiser WPP prepared to up stake in Japan's Asatsu-DK if Bain offer fails

Logo of Bain Capital is screened at a news conference in Tokyo, Japan September 28, 2017. REUTERS/Kim Kyung-Hoon

Advertising giant WPP said it would be prepared to raise its stake in Japanese partner Asatsu-DK Inc (ADK) to 33 percent from 25 percent if a disputed tender offer for the company by U.S. private equity fund Bain Capital failed.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter