Publicis begins to unravel its knot with True North
Article Abstract:
Publicis SA, an advertising agency from France, looks to severe its ties with True North Communications Inc. of Chicago, IL, through its planned buyout of True North Communications' 26.3% ownership of Publicis Communications, its business unit in the US. Publicis looks to purchase True North Communications' interest in Publicis Communications by exchanging 792,000 shares of its stock. The newly-issued shares of stock will enable True North Communications to control an interest of 8.8% at Publicis.
Comment:
Will have True North Communications' 26.3% ownership of the firm acquired by Publicis
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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Carrefour, Promodes agree to tie knot in 13 billion euros accord
Article Abstract:
Carrefour SA and Promodes SA have reached an agreement to merge in a transaction valued at 13 billion euros. The move is a major step toward the consolidation of the retail industry in Europe. The deal would form the second-largest retailer in the world. Under the terms of the agreement, Promodes will be incorporated into Carrefour by way of an exchange of shares.
Comment:
Carrefour and Promodes to merge in transaction valued at 13 billion euros
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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