Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).


For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

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You confirm that all information you supply is accurate.


In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.


We store and use information you provide as follows:

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We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.


We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.


If you want more information or have any questions or comments relating to our privacy policy please email in the first instance.

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Taylor Nelson Sofres (TNS)

  Print      Mail a friend       Annual reports

Tuesday 06 May, 2008

Taylor Nelson Sofres

Statement re. Press Comment

Taylor Nelson Sofres PLC
06 May 2008



04 May 2008

                        Taylor Nelson Sofres plc ("TNS")

The Board of TNS notes the recent press speculation regarding a possible offer
for TNS by WPP Group plc ("WPP").

The Board of TNS confirms that it received an unsolicited proposal from WPP for
TNS on 3 May 2008 (the "Proposal"). The Proposal outlines a possible
pre-conditional offer in which the consideration for TNS would be satisfied
through 154 pence in cash and 0.1214 WPP shares for each TNS share. Based on the
closing price of WPP on 2 May 2008 of 626 pence per WPP share the Proposal
values each TNS share at 230 pence.

The Board of TNS, which is being advised by Deutsche Bank and JPMorgan Cazenove,
has unanimously rejected the Proposal which it believes is not in shareholders'
best interests.

The Board of TNS further confirms that it previously received an unsolicited
informal proposal from WPP outlining a reversal of Kantar, a division of WPP,
into TNS (the "Informal Proposal"). The Informal Proposal would have resulted in
WPP acquiring control of the enlarged group without paying a premium for

The Board of TNS unanimously concluded that the Informal Proposal would not be
in the best interests of TNS's shareholders and decided not to proceed with this

Furthermore, the Boards of TNS and GfK AG ("GfK") announced on 29 April 2008
that they are in discussions which may lead to a possible nil premium merger of
equals to be effected, for practical purposes, by way of a share for share offer
for GfK by TNS. These discussions pre-date both of the approaches from WPP. The
Board of TNS believes that a combination of TNS and GfK would deliver
significant value to TNS's shareholders, maximising shareholder value through
accelerating revenue opportunities and substantial operating efficiencies under
clear leadership. Significant progress has been made on the work to confirm the
quantum of merger benefits and an announcement on this as well as the other key
merger conditions will be made shortly.

As required by the Takeover Code, TNS confirms that this announcement is not
being made with the agreement or approval of WPP.

Donald Brydon, Chairman of TNS said:

"The Board has no hesitation in rejecting this opportunistic proposal as it
substantially undervalues the company even on a standalone basis"


Press enquiries to Brunswick                                    +44 20 7404 5959
David Yelland                                                   

TNS                                                             +44 20 8967 1584
Janis Parks, Head of Investor Relations

Deutsche Bank (Lead financial advisor to TNS)                   +44 20 7545 8000
Kristian Bagger
Gavin Deane

JPMorgan Cazenove (Financial advisor to TNS)                    +44 20 7588 2828
Hugo Baring

Deutsche Bank (Joint corporate broker to TNS)                   +44 20 7545 8000
Charles Wilkinson

JPMorgan Cazenove (Joint corporate broker to TNS)               +44 20 7588 2828
Malcolm Moir

Deutsche Bank AG is authorised under German Banking Law (competent authority:
BaFin - Federal Financial Supervising Authority) and regulated by the Financial
Services Authority for the conduct of UK business.  Deutsche Bank AG is acting
as lead financial adviser and also as joint corporate broker to TNS, and no-one
else in connection with the Proposal and will not be responsible to anyone other
than TNS for providing the protections afforded to the clients of Deutsche Bank
AG nor for providing advice in relation to the Proposal or any matter referred
to herein.

JPMorgan Cazenove, which is regulated in the United Kingdom by the Financial
Services Authority, is acting as financial adviser and joint corporate broker to
TNS no-one else in connection with the Proposal and will not be responsible to
anyone other than TNS for providing the protections afforded to customers of
JPMorgan Cazenove or for providing advice in relation to the Proposal or any
other matter referred to herein.

This announcement does not constitute an offer to sell or a solicitation of an
offer to buy securities in the United States. Securities may not be offered or
sold in the United States absent registration or an applicable exemption from
registration. The shares have not been, and will not be, registered under the US
Securities Act of 1933 or the securities laws of any state of the United States.

This announcement should not be sent, directly or indirectly, in or into, or by
use of mails or any means or instrumentality (including, without limitation,
facsimile transmission, telephone and internet) of interstate or foreign
commerce of, or any facilities of a national securities exchange of, the United

                      This information is provided by RNS
            The company news service from the London Stock Exchange

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