Havas Launches $320 Million Bond Issue

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BOSTON–Havas has launched a $320 million bond issue on the French stock exchange, an offering the Paris-based holding company says is designed to help improve the structure of its debt and back future acquisitions for its three agency networks: Arnold, Euro RSCG and Media Planning Group. The bond issue is not available to U.S. investors.

Company shares have been trading at $7-8 on both the French Bourse and U.S. Nasdaq stock exchanges.

Havas has been under growing pressure to compete in the global marketplace in light of the pending Publicis-Bcom3 deal.



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