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Havas, Snyder Deal Expected to Close
BOSTON—Havas Advertising’s $2.1 billion stock buyout of Snyder Communications is expected to close today, following a meeting of Havas shareholders in Paris; Havas stock will likely begin trading under the HADV symbol on the Nasdaq exchange on Wednesday, according to a Havas spokeswoman. Snyder’s Arnold Communications in Boston will become the lead agency in Havas’ international Campus network. Bounty SCA will operate as a unit of Havas’ other major network, Euro RSCG Worldwide, which is headquartered in New York.
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