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. MDM, which specializes in the automotive sector, mail-order houses and publishing companies, had revenue of $8.1 million for the year ended Dec. 31, 2002.