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Cordiant in Talks With Bankers

NEW YORK—Cordiant Communications Group, the parent company of Bates Worldwide, is renegotiating its banking covenants after suffering an earnings collapse. Analysts said the London-based holding company wants to complete talks with bankers by mid-February before the release of its 2001 earnings report in March. In December, CCG issued a profits warning, projecting that revenue for 2001 would drop 9 percent.

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