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Publicis to Absorb U.S. Unit
CHICAGO–Publicis SA in Paris intends to absorb its U.S. unit, Publicis Communication, according to executives at the parent company. The stock swap means True North Communications here will own an 8.8 percent stake in the parent rather than its current 26.3 percent stake in the unit. TN issued a statement stating the plan “enables us to take the final step of unwinding” with Publicis SA and “to liquidate our position with Publicis Communication.”

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