Jostling For Position Marks Final Hours Of Grey Bidding

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The jockeying for Grey Global Group forged into the weekend as decision time loomed in the bidding for the holding company. At press time Friday, WPP Group and private equity firm Hellman & Friedman had emerged as the front-runners, with Havas said to be a distant third, even after revising its offer upward.

Grey’s board met Friday to consider the bids. CEO Ed Meyer is reckoned to have the final say over its recommendation to shareholders.

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