WPP Group PLC
25 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 confusion
regarding the content of the indicative proposal submitted by WPP and affiliated
funds of Hellman & Friedman LLC to the board of Aegis on 16 November 2005, set
out below is an extract from the proposal regarding a possible offer by a new
company ("NewCo") which would have been formed for the purposes of making the
offer:
"The precise ownership structure of NewCo has yet to be finalised. It is
currently intended that a combination of Hellman & Friedman Europe Limited,
acting in its capacity as an investment advisor to Hellman & Friedman Capital
Partners V, L.P. and its affiliates (collectively, "HFCP V" or "H&F"), WPP Group
plc ("WPP") and one other party would own NewCo.
We believe we will be in a position to update you shortly on the precise
structure of the proposed NewCo offer.
Subject as referred to above and to the pre-conditions set out below, we would
be prepared to offer 130 pence in cash for each Aegis share. Finalisation of the
proposed NewCo ownership structure would, however, result in an enhanced offer
being 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
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