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Publicis Groupe refuted speculation in the Financial Times that it is planning a bid for American rival Interpublic. In a statement issued on Sunday morning, the French holding company said: "Publicis Groupe denies having engaged in any discussions with Interpublic Group of Companies and confirms that it has not commissioned any bank to undertake any such discussions."
In response, the FT, updated the post, saying, "Apologies, but our usually knowledgeable sources turned out to be lacking on this occasion."
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