Wow - public market takeover deals are coming thick and fast this week, with another two announced this morning. They are: US-based Delphi Automotive's £1 billion purchase of cable maker HellermannTyton; and Providence/WPP's £350 million approach for PR group Chime.
Given a lot of this week's bids have come from American companies (e.g. Honeywell/Elster), it would appear the Americans are really making hay while the dollar is strong.
Showing posts with label WPP. Show all posts
Showing posts with label WPP. Show all posts
Thursday, 30 July 2015
Monday, 9 June 2014
Sorrell (junior) back on the acquisition trail
I see Jonathan Sorrell, the son of WPP boss Sir Martin Sorrell, is up to his old tricks again.
Some readers might not recall that Jonathan Sorrell used to work at Goldman Sachs as a corporate financier. In the latter stages of his investment banking career, he was responsible for running Petershill - an investment fund that was set up in 2007 by Goldman Sachs to buy stakes in booming hedge fund management companies.
Some readers might not recall that Jonathan Sorrell used to work at Goldman Sachs as a corporate financier. In the latter stages of his investment banking career, he was responsible for running Petershill - an investment fund that was set up in 2007 by Goldman Sachs to buy stakes in booming hedge fund management companies.
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