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Skepticism greets Cordiant rumors

Published on .

U.K. analysts are skeptical of reports that Cordiant is seriously considering a spinoff of its Bates Worldwide network, saying they saw no pressing financial reason for such an action. Similar rumors have occurred in the past. A Cordiant spokesman said board members will take what was described as an annual look at the structure of the company at a regular meeting on Tuesday.

Copyright April 1997, Crain Communications Inc.

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