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Havas Advertising is aligning Circle.com, the struggling i-shop acquired last year in its $2.1 billion purchase of Snyder Communications, with its Euro RSCG Worldwide network.
In addition, Circle’s tracking stock will soon vanish from the Nasdaq Exchange. Havas plans to issue 1.95 million of its own shares to Circle.com stockholders in exchange for all of Circle.com’s tracking stock, which was launched in 1999 at the height of the Internet investment frenzy.
Based on the $14.81 closing price on Feb.
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