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Posts Tagged ‘Piers Pottinger’

Bell Pottinger Founders Buying Firm from Chime

Bell Pottinger founders Lord Bell and Piers Pottinger (also the names of my neighbor’s cats!) and other firm execs plan to pay £19.6 million in cash and company shares to purchase the namesake firm from Chime Communications. Shareholders will have their say on June 18. Talk about a buyout started a few months ago.

Shares of Chime stock increased nearly 10 percent with the news, though Sir Martin Sorrell, the WPP CEO whose company is the largest shareholder in Chime, is opposed.

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Talk of Bell Pottinger Buyout

Lord Tim Bell

The Financial Times is reporting that the Lord Bell and the Piers Pottinger are looking into the buyout possibilities for their firm, the Bell Pottinger, which they founded in the 1980s.

Bell Pottinger is big time in the U.K. though it recently made major headlines for footage of agency execs making unethical offerings to journalists posing as potential clients.

The FT says PR is a large but slow-growing business for Chime Communications, Bell Pottinger’s parent company. The Holmes Report says fee income for the Bell Pottinger Group (which operates as Chime’s PR division) were £68 million in 2010. Talks are in the early stages.