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NEW YORK The often bizarre and convoluted struggle for control of Cordiant Communica-
tions Group came to an end on Wednesday as investors overwhelmingly approved WPP Group’s $16 million bid for the beleaguered parent of Bates.
At an extraordinary meeting in London, 99.17 percent of CCG shareholders voted in favor of the deal, which required a 75 percent majority. In the end, CCG’s largest shareholder, London fund management company Active Value, which had threatened to veto the sale over the amount of payout to investors, approved the transaction.
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