WPP Closes In on TNS

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While the deal is essentially a fait accompli, WPP Group has extended for one last time, until Oct. 29, its offer to buy out Taylor Nelson Sofres shareholders, the holding company said today.

Shareholders accounting for almost 92 percent of TNS stock have agreed to accept the $1.9 billion offer, WPP said.

The holding company also confirmed today that it would move to delist TNS shares from trading shortly after its offer closes next week.

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