Publicis Groupe Denies IPG Acquisition Talks

'FT' speculation drove heavy trading

Publicis Groupe refuted speculation in the Financial Times that it is planning a bid for American rival Interpublic. In a statement issued on Sunday morning, the French holding company said: "Publicis Groupe denies having engaged in any discussions with Interpublic Group of Companies and confirms that it has not commissioned any bank to undertake any such discussions."