Publicis’ Lévy Decries TN Sale: ‘It’s Cheap’
CHICAGO—As with most deals made by TN in recent years, Publicis CEO Maurice Lévy was quick to voice his displeasure with the IPG sale.
Lévy late last week was awaiting advice on what options are available to him to secure a better price. Publicis, TN’s largest shareholder, has a 9-percent stake in the network.
The sale is due to be completed this summer after a shareholder vote, in which a simple majority is needed to push ahead.
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