in tempus

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Concurrent with the closing of the business combination, TIH will enter into an agreement with Tempus and Tempus Holdings not to compete in Tempus' business area for four years.
Homs, Central Syria, SANA- Means of joint cooperation in TEMPUS projects proposed by the Syrian Higher Education Ministry in the fields of water and renewable energies were discussed here Thursday by Rector of al-Baath University Amer Fakhouri and a delegation of German TEMPUS project headed by Peter-Wolfgang Graeber.
He hoped to use a loophole in the City Takeover Code, claiming that there had been a "material adverse change" in Tempus's business prospects since the terrorist attacks last month.
Shares in Tempus fell 22.5p to close at 465p following the news, while WPP gained 5p at 541p.
Syria's active participation in Tempus program commenced in 2002.
Sorrell is hoping that the Takeover Panel, which governs the behaviour of companies making bids, will let his company renege on its promises to shareholders in Tempus, which has plummeted in value since the September 11 attacks.