WPP PLC (the major controlling shareholder of WPP AUS) is...

WPP PLC (the major controlling shareholder of WPP AUS) is trading near its yearly high.
With a positive outcome for the UK election, expect the UK stock market to go on a buying spree. The UK stock market has been severally held back buy brexit concerns.

I would not be surprised if WPP PLC share price continues to increase, that WPP PLC buys out its Australian subsidiary.
With the completion of the Kantar sale, WPP AUS debt to ebitda falls significantly to 1.1 times.
This means the effective enterprise value of WPP AUS has decreased significantly.
Any purchase by WPP PLC would be very much EPS accredative under such a scenario.

Maybe speculative thinking on my behalf, but given that at current share prices WPP AUS stacks up fundamentally as a value buy on itself without any buy out, and given that the whole media industry is on a cyclical low, I initiated a position in WPP Aus.