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NEW YORK–In its bid to take over media buying and planning network Tempus Group, WPP Group exceeded the requirement of getting 90 percent acceptances from Tempus shareholders; but the British holding company is still putting off its final decision to buy. In response to its purchase bid of $629 million, WPP, which owns MindShare and The Media Edge, received 93.9 percent acceptances from Tempus shareholders, WPP said Tuesday.
According to the takeover rules, WPP had to have at least 90 percent of Tempus shareholders’ acceptances by October 1.
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