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NEW YORK – With the talks between Scali, McCabe, Sloves and Lowe Group on life support, analysts said that SMS parent WPP Group PLC is not under the same financial pressure to divest as it was when the talks first came to light.
That is not to say the company has emerged from its fiscal woods, but should the deal unravel, as some think it has, the impact on WPP has lessened.
‘It will be a little bit of a blow, but not enormous,’ said David Grimbley, an analyst with Hoare Govett in London.
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