Ayer Seals Merger in London

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LONDON – Ayer-London is merging with Leagas Shafron Davis Chick in a deal that will see the Ayer network’s London office shoot to No. 22 in agency rankings with combined claimed billings of $101.7 million. The deal apparently involves no equity exchange, but Ayer Europe’s share shrinks to just 10% of the new shop, Leagas Shafron Davis Chick Ayer.
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