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Toronto-based MDC has purchased a 20 percent stake in New York independent Cliff Freeman and Partners, the agency and MDC confirmed last week. The holding company also owns stakes in Miami-based Crispin Porter + Bogusky and Kirshenbaum Bond + Partners in New York. It is the second time Cliff Freeman has been affiliated with a larger entity. In 1999, it bought itself back from Saatchi & Saatchi, which is now part of Publicis.
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