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Merrill Lynch Delays Choice in $70 Mil. Review
NEW YORK–Merrill Lynch last week postponed plans to select an agency for its estimated $70 million global ad account. Charles Mangano, the client’s first vice president, senior director of marketing, said Chase was “impressed” with the presentations of both D’Arcy Masius Benton & Bowles and J. Walter Thompson, both New York, and has asked the shops to “flesh out their campaigns.”

Grey’s Ed Meyer Sells $2 Million in Shares
NEW YORK–Beginning on April 23, Grey Advertising chief executive Ed Meyer gradually sold 4,500 shares of his common stock in the shop, worth $2,013,300, according to U.S.