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NEW YORK Grey Global Group shareholders today okayed the sale of the independent company to WPP Group during a meeting held here at Goldman Sachs, which served as an advisor on the deal.
A Grey representative said “a couple dozen” shareholders attended but declined to disclose the final vote. Approval had been expected.
WPP’s acquisition of Grey is slated to close on March 7 [Adweek Online, Feb. 18].
In September, London-based WPP agreed to acquire New York-based Grey in a deal valued at approximately $1.7
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