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Article: Interpublic newest suitor for Bates
- Article from:
- Chicago Sun-Times
- Article date:
- May 6, 1986
- Author:
CopyrightCopyright (null) Chicago Sun-Times. (Hide copyright information)
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Saatchi & Saatchi PLC is not the only giant advertising company
interested in acquiring Ted Bates Worldwide. Bates, with $3.1
billion in 1985 billings, also is hearing overtures from Interpublic
Group of Cos., agency sources say.
Interpublic, with $4.7 billion in billings last year, is
neck-and-neck for the No. 1 spot with the new holding company formed
by the merger of BBDO International, Doyle Dane Bernbach Group and
Needham Harper Worldwide. Interpublic's Philip H. Geier Jr.,
chairman, president and chief executive officer, was not available
for comment on the acquistion proposal.
Robert E. Jacoby, chairman, president and chief executive
officer of Bates and by far its largest ...