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NEW YORK WPP Group today declined to comment on reports that it is in talks with French financier and Havas chairman Vincent Bolloré to make a joint bid along with San Francisco-based investment group Hellman & Friedman for Aegis Group.
Bolloré is already the largest Aegis shareholder with a nearly 25 percent stake. Any deal to acquire Aegis by a third party other than Bolloré would require his blessing because the one-quarter interest gives him the right to veto a sale of the company under British takeover laws.
Bolloré’s
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