WPP-backed Hill+Knowlton to acquire JeffreyGroup.

WPP-backed Hill+Knowlton, a global communications company, agreed to acquire JeffreyGroup, a communications agency. Financial terms were not disclosed. "The success of JeffreyGroup over the past 30 years in Latin America has been due in large part to our ability to evolve and adapt in a dynamic region of the world with diverse conditions, customs, and cultures. Joining forces with WPP and Hill+Knowlton is an exciting step forward in this evolution and opens up a world of resources for our clients and opportunities for our hundreds of employees," Jeffrey Sharlach, JeffreyGroup Founder and Chairman.