It's Affordable, But Is IPG Attractive?

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NEW YORK Interpublic Group stock closed at $7.86 on Friday, the first time in 15 years its shares have closed below $8 to finish out a week. That tumble took IPG across a threshold of takeover vulnerability previously unthinkable to the industry’s first holding company.

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

But

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