25th Nov 2005 17:31
WPP Group PLC25 November 2005 25 November 2005 WPP GROUP PLC ("WPP") STATEMENT REGARDING AEGIS GROUP PLC ("AEGIS") WPP notes the announcement by Aegis today. To avoid any possible confusionregarding the content of the indicative proposal submitted by WPP and affiliatedfunds of Hellman & Friedman LLC to the board of Aegis on 16 November 2005, setout below is an extract from the proposal regarding a possible offer by a newcompany ("NewCo") which would have been formed for the purposes of making theoffer: "The precise ownership structure of NewCo has yet to be finalised. It iscurrently intended that a combination of Hellman & Friedman Europe Limited,acting in its capacity as an investment advisor to Hellman & Friedman CapitalPartners V, L.P. and its affiliates (collectively, "HFCP V" or "H&F"), WPP Groupplc ("WPP") and one other party would own NewCo. We believe we will be in a position to update you shortly on the precisestructure of the proposed NewCo offer. Subject as referred to above and to the pre-conditions set out below, we wouldbe prepared to offer 130 pence in cash for each Aegis share. Finalisation of theproposed NewCo ownership structure would, however, result in an enhanced offerbeing made in excess of 140 pence per Aegis share." Enquiries: Feona McEwan, WPP Tel: +44 20 7408 2204 END This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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