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Publicis S.A. has held its ground in what may be the final chapter in its long-running feud with True North Communications.
A London arbitration court denied TN’s request for $106 million in damages on the claim it got unfair share exchange value when Publicis S.A. merged with Publicis Communications in December 1998.
Both sides expressed satisfaction that the case, as well as the years-old conflict, appears over.
“We’re glad to finally put it behind us,” said a statement issued by TN.
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