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WPP Asks TNS Shareholders to Press Board For Talks

Tags: Finance, Investment, Mergers & Acquisitions, Oukbs, Taylor Nelson Sofres Plc., TNS Inc., Wausau Paper Corp., WPP

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2008-06-09 00:30:42.0

LONDON (Reuters UK) - Martin Sorrell's WPP (WPP) group has succeeded in getting potential bid target Taylor Nelson Sofres (TNS) to make available certain information as it decides whether to return with a higher offer.

Market research group TNS has so far rejected two offers from WPP, the world's second-largest advertising and marketing group, saying it prefers instead to pursue a merger with Germany's GfK (GFKG).

TNS said it had decided to make "certain TNS information that was provided to GfK in the context of the merger" available to WPP after a further request.

But it repeated its stance that it remains committed to the German merger.

TNS rejected a cash and shares offer for TNS worth 241-1/2 pence at that time and many analysts expect WPP to return with a higher offer.

(Reporting by Kate Holton; Editing by Louise Ireland)

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