Financial Times FT.com

WPP gets backing for TNS takeover

By Salamander Davoudi, Media Correspondent

Published: October 3 2008 19:12 | Last updated: October 3 2008 19:12

WPP, the advertising group headed by Sir Martin Sorrell, has won support from 61 per cent of Taylor Nelson Sofres’ shareholders in support of a £1.2bn takeover of the market researcher.

Sir Martin needs 90 per cent of the share capital to squeeze out minority shareholders but he can delist TNS from the stock market if more than 75 per cent of equity shareholders accept the offer.

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