Inspiration meets innovation at Brandweek, the ultimate marketing experience. Join industry luminaries, rising talent and strategic experts in Phoenix, Arizona this September 23–26 to assess challenges, develop solutions and create new pathways for growth. Register early to save.
Grey chairman and CEO Ed Meyer confirmed that he sold “a significant portion” of his WPP Group stock last Wednesday, two days after London-based WPP acquired his agency. Meyer, 78, declined to discuss details, but sources placed the stock sale in the $200 million range. WPP acquired Grey Global Group in September with a $1.3 billion winning bid. With stock fluctuations since then, however, the closing sale price on March 7 was closer to $1.7
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in