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CHICAGO-Leo Burnett Co.’s decision to sell off majority ownership of its 1.1 million-square-foot headquarters building here will allow the agency to make acquisitions in line with its recent restructuring of operations, according to sources.
Burnett, which is currently searching for an executive to oversee its promotions and direct marketing operations, is also interested in expanding those capabilities through acquisition. It has been involved in discussions with several shops in both arenas over the past year, according to agency sources.
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