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MARKET ANTICIPATING WPP BID ON TEMPUS

Published on .

(Aug. 6, 2001) -- Tempus Group's high $8.14 share price -- up from $5.04 the day before Havas Advertising launched a bid for the media specialist on July 24 -- indicates the stock market is anticipating a counterbid from Tempus' biggest shareholder, WPP Group, but analysts said there are compelling reasons that may not happen. Havas's offer of $7.57 a share was already a 50% premium on the Tempus share price, making a counteroffer pricey.

Copyright August 2001, Crain Communications Inc.

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