French media group Havas Advertising is understood to have extended its 541p per share offer for UK agency Tempus Group until 17 September (see Tempus Confirms WPP Offer). The news comes as Havas announces that it now controls or has received irrevocable undertakings for 29.3% of Tempus.
WPP’s 555p per share bid for Tempus still trumps Havas’ proposal, but it is expected that Havas will soon return with a higher bid for the group, possibly within the week.
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