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NEW YORK Embattled Interpublic Group today said it would focus on enhancing shareholder value and improving operating performance on the heels of a denial by the Securities and Exchange Commission to reject IPG’s request to block a sale proposal put forth by a company investor.
The SEC yesterday said it would not act to keep a proposal by shareholder Charles Miller off the proxy for IPG’s 2005 annual meeting. That proposal could lead to a referendum this fall on whether to sell the company.
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