April 27, 2000 |
Advertising powerhouse Young & Rubicam Inc., which has been in takeover talks with British rival WPP Group for several months, is also holding discussions with Publicis of Paris, sources familiar with the situation said. The New York-based company, the world's seventh-largest ad organization in terms of income, approached Publicis because it has been unable to reach an agreement with WPP, the sources said.
December 4, 1997 |
The contentiousness between True North Communications and Publicis Communications was raised a notch Wednesday when True North filed a lawsuit in U.S. District Court in Chicago against Publicis. Publicis has offered to buy True North, the Chicago-based parent of Foote, Cone & Belding. But True North claims in its countersuit that the purpose of Publicis' offer is to derail True North's plans to acquire another ad agency, Bozell, Jacobs, Kenyon & Eckhardt Inc.
December 11, 1997 |
Publicis withdrew its hostile bid for True North Communications Inc. after a federal judge blocked the French advertising company's effort to prevent True North from acquiring a closely held competitor. Publicis, which owns an 18.5% stake in True North, had planned to acquire an additional 32% through a tender offer of $28 a share. The tender would have given majority control to Publicis, which said the $440 million True North is paying for Bozell, Jacobs, Kenyon & Eckardt Inc. is too much. U.S.
June 20, 2000 |
French advertising group Publicis will announce today a $1.82-billion takeover of Britain's Saatchi & Saatchi, industry sources said, in a deal that would continue a wave of consolidation in the advertising world. Saatchi, which does nearly half of its business in the U.S., had said it was in talks that could lead to a merger, triggering speculation that either Interpublic or Grey Advertising of the U.S. were seeking a transatlantic deal.
January 15, 1998 |
Publicis, the French advertising agency network that made an ill-fated bid for former partner True North Communications Inc., has reopened talks with other potential U.S.-based partners. Publicis Chairman Maurice Levy declined to identify potential partners, but described targeted agencies as having the "critical mass" needed to compete in the U.S. Levy ruled out a new offer for True North, whose shareholders have approved the purchase of New York-based Bozell, Kenyon, Jacobs & Eckhardt.
April 6, 1995 |
Maurice Saatchi Teams With French Ad Agency: Saatchi's fledgling firm said this week that it is going international via an alliance with Publicis, to give the company the reach to attract major global clients. The team will start the venture by working to win the British Airways account, a longtime client of Saatchi & Saatchi that put its account up for review when Maurice Saatchi left that agency in a high-profile dispute earlier this year.