The Week: City news - TNS/WPP in merger talks
The TNS boss David Lowden and Sir Martin Sorrell, the chief executive of WPP, are reported to have met to discuss the possibility of a takeover deal.
It is thought that the pair discussed potential savings as a result of
any deal, which Sorrell estimates at around £52 million. While the
meeting provides a signal that TNS is relaxing its hostility to WPP's
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interest, Lowden is also reported to have asked TNS's advisors Deutsche
Bank to sound out other potential buyers, including rival Nielsen and
the US private equity company Hellman & Friedman.
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