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WPP, Publicis and Cerberus Poised to Take a Piece of CCG
NEW YORK WPP Group could launch a bid for troubled Cordiant Communications Group as early as today, sources said. WPP chief executive Martin Sorrell was preparing a bid last week that would give equity holders 3 pence a share and require debt holders to write off some of CCG’s estimated $440 million in gross debt, sources said.
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