Japan's ADK faces lawsuit following Bain tender offer
Bain Capital Private Equity’s buyout offer for Japan-listed advertising agency Asatsu-DK (ADK) has prompted legal action by WPP Group, the company’s largest shareholder.
WPP, which holds a 25% stake in ADK, has accused the Japanese company of breaching their contract by entering a hedging agreement with Morgan Stanley regarding the shares it holds in WPP, according to...
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