Bain says WPP accepts $1.35b tender offer for Japan's Asatsu-DK

Bain says WPP accepts $1.35b tender offer for Japan's Asatsu-DK

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

Bain Capital LLC on Tuesday said its $1.35 billion tender offer for advertiser Asatsu-DK Inc (ADK) has been accepted by ADK’s 25 percent shareholder and partner WPP PLC, in an about-face for WPP that heralds an end to a soured relationship.

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