Chime Communications buyout by Providence & WPP agreed for £374m
WPP and Providence Equity Partners have acquired sports marketing firm, Chime Communications, for $584m. 
Chime has reached an agreement that will see Providence and WPP acquire it outright following a unanimous vote by its independent directors to accept the £374m deal.

The deal, talks over which were reported yesterday, will see shareholders become entitled to 265 pence for each share of Chime, as well as an interim dividend of £2.53 per share based on the closing share price of 29 July.