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BOSTON — Havas on Monday issued a one-line statement asserting that, “Havas confirmed today that it is not currently in discussions with Cordiant Commuications Group.”
The terse communique came after reports over the weekend in England’s Observer newspaper and elsewhere that Paris-based Havas is looking to buy London’s Cordiant for as much as $1 billion. Long troubled, Cordiant is parent to Bates and also has a stake, along with Publicis, in Zenith Optimedia. Cordiant saw its 2001 revenue dip about 10% to approximately $700 million.
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