CORDIANT STOCK DROPS TO NEW LOW

Company Has Lost Nearly Half Its U.S. Billings

By Published on .

NEW YORK (AdAge.com) -- Cordiant Communications Group slumped to a new all-time low today in trading of its American Depositary Receipts on
Related Story:
BATES STAGGERED BY WENDY'S LOSS
Cordiant Options Narrow
the New York Stock Exchange, falling 10.6% to $3.90. Each Cordiant ADR represents five shares in the company.

The drop, on a day of light trading in the stock, followed last week's loss of the Wendy's International account by Cordiant's Bates Worldwide.

Lost billings
Bates, once the world's third-largest agency, has lost nearly half of its U.S. billings this year, according to Ad Age estimates.

In this article:
Most Popular