Closing Date Set for WPP's Acquisition of Grey Global

NEW YORK WPP Group’s acquisition of Grey Global Group is expected to close on March 7, four days after shareholders vote on the proposal, Grey Global said.

Grey shareholders who are eligible to vote (as determined at a Jan. 31 meeting) are invited to convene at 32 Old Slip in New York at 5 p.m. to decide how they wish to receive assets from the deal: in cash, WPP stock or a combination thereof.

Details of the impending union are contained in Grey Global Group’s proxy statement, which was mailed to shareholders on Feb.