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NEW YORK The Cordiant Communica-
tions Group saga took an unexpected twist on Tuesday, when it was revealed that a Syrian chess promoter has taken a 10.75 percent stake in the troubled holding company.
Nahed Ojjeh, who supports chess tournaments globally, amassed her investment in the company from June 10 to July 4, according to a letter CCG received from her lawyers on Tuesday. The news comes just eight days before CCG’s stock is due to be delisted from the London Stock Exchange in preparation of WPP Group’s proposed acquisition of the British company.
The
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