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INTERPUBLIC'S 2000 ACQUISITIONS COST NEARLY $1.6 BILLION

Published on .

(March 30, 2001) -- Interpublic Group of Cos. paid $500 million in cash and issued 26.8 million shares of its common stock to acquire 77 companies last year, it stated in its annual report. Interpublic paid a total price of $1.582 billion for its acquisitions in 2000. The company also revealed its five largest clients based on revenue last year were General Motors Corp., Nestle, Unilever, Johnson & Johnson and Coca-Cola Co. Combined, they accounted for approximately 15% of Interpublic's revenue.

Copyright April 2001, Crain Communications Inc.

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