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IPG may renegotiate $580 mil deal for NFO

Published on .

Interpublic Group of Cos. faces the possibility of renegotiating its estimated $580 million acquisition of NFO Worldwide. IPG's stock has lingered below the price collar of $46.40 set when the deal was announced in December. It closed at $42.12 on Friday. NFO shareholders plan to meet April 5 to discuss the deal. Originally set to be finalized by mid-March, the deal is now due for completion in mid-April.

Copyright March 2000, Crain Communications Inc.

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