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Talks For Bates Have Advanced; TN Board May Consider Bid
NEW YORK–True North Communications is in “serious discussions” to acquire Cordiant Communications Group, sources said.
True North and CCG predecessor Bates Worldwide have held talks in the past, but the issue of price has been an insurmountable stumbling block until now.
The two have already exchanged financial statements, with a TN board meeting set for Jan. 18, said sources. It is believed that a bid could be discussed at that meeting.
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