Digitas Stockholders Unload Shares

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BOSTON Digitas on Tuesday said it has found buyers for 20 million shares of its common stock priced at $5.25 per share.

The shares are being offered by Michael Bronner, founder of the Boston-based relationship marketing company, Hellman & Friedman Capital Partners, the private equity investment company that holds a 45 percent stake in the shop, and their affiliates.

About 90 investors, mainly mutual fund companies bought the shares, and the transaction is set to close within a week, said Digitas CEO David Kenny.



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