WPP Eyes Ireland as Tax Haven

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NEW YORK WPP Group said it intends to create a new Ireland-based parent entity in a bid to prevent its annual tax payments from increasing potentially by tens of millions of dollars under proposed changes in U.K. tax laws.

Separately, the company said TNS shareholders representing almost 43 percent of outstanding shares now favor the takeover of the research firm by WPP and will tender their shares accordingly.

The new tally is up 9 percent from the 34 percent of shareholders who indicated they would accept the WPP bid last Friday when WPP extended the deadline to accept its $2.2

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