IPG May Be Affordable, But Is It Also an Attractive Target?

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NEW YORK Interpublic Group stock closed the week below $8 for the first time in 15 years, when it dropped to $7.86 on Friday, taking IPG across a threshold of takeover vulnerability previously unthinkable to the industry’s first holding company.

On June 5, when IPG first announced its foray into the capital markets through a special purpose entity called ELF, sources said the company expected there to be a negative reaction to the complicated capital markets transaction, which would bring IPG $750 million.

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