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NEW YORK Interpublic Group is accelerating the divestiture of its Modem Media stock, increasing the number of shares it’s selling in a public offering from 7 million to 9.5 million, according to a statement.
The New York-based holding company, Modem Media’s largest investor, would realize about $55 million from the sale of the common stock, which is selling for $5.75, down from the last month’s proposed price of $6.62.
In November, IPG revealed its intention to divest itself of its 11.1
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