WPP Group ended its negotiations for acquiring Aegis Group and U.K. regulators said Vincent Bollore was free to make an Aegis takeover bid as his stake in the media-buying company surpassed the critical 25 percent level, reports AdAge. He now wields "blocking minority" shareholder voting power.
The Mail of London reported that Bollore is expected to make his move for Aegis before the scheduled December 15 unveiling of a long-term plan for Havas, the French advertising holding company that he controls.
