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CHICAGO — The Interpublic Group of Cos. completed its acquisition of True North Communications last week following approval from TN shareholders, which backed the deal overwhelmingly, and the European Union.
The deal, calculated as an exchange of stock at 1.14 shares of IPG for all outstanding shares of TN, had a value of $1.9 billion at Friday?s closing IPG price. TN?s stock listing has been terminated with the Securities and Exchange Commission.
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