LONDON - WPP Group published on Aug. 25 a circular setting out details of its proposed merger with Young & Rubicam. It also said an extraordinary general meeting will be held at 10 a.m. on Sept. 29 at which WPP shareowner approval of the merger will be sought. The merger is also conditional upon the approval of Y&R shareowners at a special meeting to be convened for Sept. 28. Assuming that both sets of shareholders approve the merger and that the various other approvals and regulatory consents are obtained by this date, completion of the merger is expected to take place on Oct. 3
Copyright August 2000, Crain Communications Inc.