28th Oct 2005 14:03
Takeover Panel28 October 2005 2005/41 AEGIS GROUP PLC ("Aegis") WPP GROUP PLC and HELLMAN & Friedman LLC ("WPP and H&F") Following recent representations made by the advisers to Aegis, the PanelExecutive has been considering the application of Rule 2.4(b) of the Code to theapproach made by WPP and H&F to Aegis. Following discussions with the parties'advisers, the Panel Executive has ruled that WPP and H&F must, by 12.00 noon on25 November 2005, either announce a firm intention to make an offer for Aegisunder Rule 2.5 of the Code or announce that they do not intend to make an offerfor Aegis. No extension to this deadline will be granted, except with theconsent of the Panel Executive. In the event that WPP and H&F announce thatthey do not intend to make an offer for Aegis, WPP, H&F and any person acting inconcert with them will, except with the consent of the Panel Executive, be boundby the restrictions contained in Rule 2.8 of the Code for six months from thedate of such announcement. Each of the parties has accepted this ruling. 28 October 2005 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
WPP