What if the consultancy consumes the ad agency?

Last week, Bain Capital bid 152 billion yen ( US 1.35bn ) for ADK in which WPP has held a 25% stake in ADK for the last 20 years. WPP's stake has been valued at $290m. ADK also holds a 2.4 percent stake in WPP worth $576m. It is not clear how other international shareholders may respond to Bain's move. Completion of the deal would see ADK privatised and delisted from the Tokyo Stock Exchange. There has been trouble brewing between WPP and ADK for a while so the offer from Bain is not surpri