WPP Cites New Info to Bolster Pullout from Tempus

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NEW YORK–British holding company WPP Group is citing new information gleaned from Tempus’s financial statements that bolsters WPP’s case for withdrawing its purchase offer for that company.

And while the European Commission ruled that a WPP takeover of the media services network would not violate antitrust laws, WPP sought a further extension on its $629 million bid, which expired on Monday, to be continued through the period ending October 29.

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