Cordiant: Sale Unlikely at Current Share Price

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NEW YORK Cordiant Communications Group said in a statement on Monday that none of the proposals currently under consideration are likely to result in an offer being made for the British holding company at the present share price.

Two weeks ago, troubled CCG said it had received “preliminary” approaches from possible suitors, which it did not identify; since then, it has been evaluating acquisition offers and recapitalization proposals.

Sources have identified French rival Publicis Groupe, which shares ownership in Zenith Optimedia with CCG, as one of the most likely bidders.

The





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