Advertising giant WPP PLC
ADK had sought to end a two-decade-old business alliance with WPP, asking it to sell its shares to Bain. But WPP and other large shareholders had sought a higher offer.
ADK shares jumped more 5 percent to 3,660 yen in Tuesday afternoon trade.
An ADK spokeswoman declined to comment.
($1 = 112.5200 yen)
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
TAGS:
Updated: Tue, Nov 21, 2017
09:51 AM IST
09:51 AM IST
Reuters