Pat Fallon Wants His Agency Back; Deal With WPP Could Come Soon

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MINNEAPOLIS – Fallon McElligott’s buyback from WPP Group PLC is moving closer to fruition.
FM chairman and co-founder Pat Fallon last week said he has set a ‘game plan’ for the reacquisition of the agency which would free it from the WPP-owned Scali, McCabe, Sloves/N.Y. network. SMS bought a stake in FM in 1986. A month ago, Fallon conceded he would like to buy back the agency, but called negotiations ‘nascent’ and said financial discussions had not taken place.


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