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Young & Rubicam shares were among the most actively traded on Wall Street last week as the market headed into the Thanksgiving holiday. The heavy volume came in the wake of a secondary offering of roughly 10 million shares held mostly by agency senior management and San Francisco venture capital firm Hellman & Friedman Partners.
The advertising agency network went public in May, opening at $25 per share. The secondary offering opened at $29.50. Y&R shares closed Wednesday at $30.
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