IPG, Taylor Nelson Close to NFO Deal

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Interpublic Group is inching closer to a deal to sell market- research firm NFO WorldGroup, sources said last week. Also at the holding company, the search for a chief operating officer is down to a handful of candidates.

Taylor Nelson Sofres remains the leading bidder for NFO, at a price of $440 million to $490 million, said sources, but it still needs to secure financing.

IPG is seeking mostly cash for NFO, which it bought for $624 million in stock and cash in 2000.

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