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BOSTON French financier and Havas chairman Vincent Bolloré on Friday upped his stake in Aegis Group past the 25 percent mark. Surpassing one-quarter ownership in Aegis provides Bolloré with veto power over an acquisition of the company by a third party.
Also on Friday, WPP Group said it would not make a bid to acquire Aegis [Adweek Online, Nov. 25].
London-based WPP had joined with San Francisco investment firm Hellman & Friedman to make a potential bid for Aegis, the U.K.-based
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