WPP Unit Possible Worldwide To Buy Carnation For Undisclosed Sum

Date : 04/04/2012 @ 2:36AM
Source : Dow Jones News
Stock : WPP PLC (WPP)
Quote : 94.51  0.49 (0.52%) @ 3:59PM

WPP Unit Possible Worldwide To Buy Carnation For Undisclosed Sum

WPP (LSE:WPP)
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WPP PLC (WPP.LN), a provider of marketing communications services, said Wednesday that its operating network Possible Worldwide, an interactive marketing agency, has agreed to acquire all of the shares in Carnation Internet Tanacsado Zrt in Hungary for an undisclosed sum.

MAIN FACTS:

-Carnation is a full-service digital marketing services agency.

-WPP shares closed Tuesday at 859 pence, valuing the company at GBP10.83 billion.

-By Razak Musah Baba, Dow Jones Newswires; 44-20-7842-9275; razak.baba@dowjones.com

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