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Lebanon school Superintendent Jim Robinson has resigned effective immediately after the school board approved aThis Print This Newsletters
The board of market research firm TNS (Taylor Nelson Sofres) has advised its shareholders to accept a 1.14 billion ($2 billion) takeover bid from Martin Sorrell's WPP.
TNS rebuffed no less than four offers from WPP since the beginning of the year, but has now backed down after claims from WPP that over 60 percent of its shareholders would agree to a hostile cash and shares offer.
In a statement released yesterday, TNS said that its board 'now recommends that shareholders accept the WPP offer,' citing advice from Deutsche Bank, JPMorgan Cazenove and Moelis & Company. It added, however, that it still believed the offer undervalued the business, but that it did not want TNS investors left with a minority interest in what would likely become an unlisted company
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