WPP Buys 35% Interest In Barrows For Undisclosed Sum

Date : 04/03/2012 @ 12:10PM
Source : Dow Jones News
Stock : Wpp Plc ADS Each Representing Five Ordinary Shares (MM) (WPPGY)
Quote : 108.57  -0.51 (-0.47%) @ 4:00PM

WPP Buys 35% Interest In Barrows For Undisclosed Sum

WPP (LSE:WPP)
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Advertising company WPP PLC (WPP.LN) Tuesday said it has acquired a 35% interest in Barrows, a retail marketing solutions provider.

MAIN FACTS:

-Financial details of the transaction weren't disclosed.

-Unaudited consolidated gross assets of the Barrows companies in which WPP is investing, as at Dec. 31, 2011, were $18.3 million.

-Barrows' total unaudited revenue for the year ended Dec. 31 was $62 million.

-Shares of WPP on Tuesday closed at GBP8.6.

-By Tapan Panchal, Dow Jones Newswires. Tel +44(0)207-842 9448, tapan.panchal@dowjones.com




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