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NEW YORK WPP Group has declined to comment on reports that it has held talks with Aegis Group about making a bid for the company or that it is teaming with San Francisco-based investment house Hellman & Friedman to raise money for the acquisition.
Aegis confirmed on Tuesday that it has had discussions with more than one party, but declined to identify the suitors [Adweek Online, Oct. 4].
Aegis issued a similar statement two weeks ago, after it was approached by Publicis Groupe, which later confirmed holding “preliminary” talks with Aegis.
Separately,
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