HAVAS STOCK RECOVERS AFTER WORLDCOM MELTDOWN

Investors Accept Assurances About Lack of Client Debt

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NEW YORK (AdAge.com) -- A day after its stock slid on news concerning one of its key clients, Havas posted a recovery after investors accepted the company's reassurance that embattled WorldCom has paid its bills.

Shares rose 3.43% in the Paris Bourse to close at $5.96, nearly erasing Wednesday's 4.43% slide.

Havas dropped precipitously after WorldCom disclosed it had disguised $3.8 billion in expenses on its books. U.S. regulators filed several fraud charges against the telecom giant today and the company now faces bankruptcy.

Havas' Euro RSCG MVBMS is WorldCom's agency of record, and

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the holding company moved quickly to reassure analysts that the telecom -- which has been estimated to account for 1% of Havas' revenue -- is current on its payments.

Other agencies within Havas' network include Arnold Worldwide Partners and Media Planning Group.

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