WPP AUNZ shareholders in Australia and New Zealand have approved a buyout of the company by WPP plc, with the British parent paying 70¢ a share for the 38.5 per cent of the ASX-listed company that it did not already own.
WPP AUNZ chairman Robert Mactier paid tribute to CEO Jens Monsees and the company’s senior leadership team “in delivering a transformation of our business model and company against the backdrop of the unprecedented challenges and uncertainties of the COVID-19 pandemic”.
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Miranda Ward is a journalist covering media and marketing for The Australian Financial Review based in the Sydney office. Connect with Miranda on Twitter. Email Miranda at miward@afr.com
