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Interpublic Group’s acquisition of the British parent of Shandwick and Golin/Harris will create the world’s third-largest public relations agency network behind Omnicom and Young & Rubicam.
IPG last week offered $170 million for the two shops owned by International Public Relations in London. IPR chairman and Shandwick founder Peter Chadlington will head the new entity.
A new board representing both shops and IPG-owned Weber Public Relations Worldwide in Cambridge, Mass., will oversee policy issues, said IPG chairman Phil Geier.
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