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EU clears Interpublic's merger with True North

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Brussels--The European Union has approved Interpublic Group of Cos. Inc.'s proposed takeover of True North Communications Inc., Chicago. The $2.1 billion stock deal, announced by New York-based Interpublic in March, would create the world's largest advertising company, with offices in more than 130 countries and combined 2000 revenue of $7.2 billion.
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