25th Nov 2005 11:11
Hellman & Friedman LLC25 November 2005 25 November 2005 AFFILIATED FUNDS OF HELLMAN & FRIEDMAN LLC ("H&F") STATEMENT REGARDING AEGIS GROUP PLC ("AEGIS") On 14 October 2005, WPP Group plc ("WPP") announced that it was in discussionswith a private equity partner to explore the feasibility of a cash offer forAegis. Following a period of initial discussions and limited due diligence, anindicative proposal was submitted to the board of Aegis on 16 November 2005 by H&F and WPP. The proposal outlined alternative all cash offers, one by H&F andWPP, and one by H&F, WPP and, possibly, one other party. H&F has since beeninformed that the board of Aegis does not wish to pursue either alternative.Accordingly, H&F announces that it has no intention to make an offer for Aegis.* Enquiries: Melissa Ma, H&F Telephone: +1 415 788 5111 * Pursuant to Rule 2.8 of The City Code on Takeovers and Mergers, H&F reserves the right to set aside the statement above if any of the following events occurs: (i) a third party announces a firm intention to make an offer for Aegis, (ii) the agreement or recommendation of the board of Aegis or (iii) Aegis announces a whitewash proposal or a reverse takeover. END This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
WPP