Sunday, August 05, 2012

10387: Financial Times Calls Timeout.

Financial Times updated its post announcing that Publicis Groupe was considering a bid for Interpublic after the French holding company released a statement including:

Following the speculations published by FT.com Alphaville and their resulting widespread publicity, Publicis Groupe denies having engaged in any discussions with Interpublic Group and confirms that it has not commissioned any bank to undertake any such discussions.

Financial Times wrote, “Apologies, but our usually knowledgeable sources turned out to be lacking on this occasion.” It’s just as well, given that the alleged merger would have constituted a corporate same-sex marriage between two equally unattractive bridegrooms.

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