WPP to return $1.2 billion to investors via repurchase after Kantar deal

(Reuters) - WPP said on Thursday it had completed the sale of 60% of data analytics business Kantar to private equity firm Bain Capital and would return about $1.2 billion to shareholders via a share repurchase programme.WPP said the amount returned to investors would be about 40% of the $3.1 billion it earned in net proceeds from the sale and would be returned in two tranches, planned to be completed by March 2020.The company has worked to restructure following several profit warnings and the..