WPP has extended its $1.9 billion offer for market research firm TNS until 29 October.
WPP has also announced that it will move to delist TNS shares from trading on the London Stock Exchange after its offer closes next week.
At the start of the month, WPP confirmed that it had secured 81.8% of TNS shareholders’ backing for its takeover bid, enough to make the offer unconditional (see WPP Secures Unconditional TNS Offer).
Following completion of the deal, TNS will be integrated into WPP’s Kantar Group market research division.