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IPG Files Shelf Registration
New York-based Interpublic Group has filed a shelf registration with the Securities and Exchange Commission to sell $1.8 billion in debt, common and preferred stock within two years. Proceeds will be used for general corporate purposes, according to IPG.
WPP Gets Stake in German Direct Firm
Rmg:connect, a unit of WPP Group, has acquired 65 percent of MDM Mungenast Dialog Marketing and an option for the remainder of the Stuttgart, Germany-based direct marketing agency.
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