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TN to file countersuit against Publicis

Published on .

True North Communications is expected to file a countersuit Dec. 3 to stop Publicis from holding up its acquisition of Bozell, Jacobs, Kenyon & Eckhardt. Publicis filed suit Nov. 26 against True North and its board, claiming they breached their fiduciary duties by refusing to hear a merger proposal from Publicis and continuing their $440 million acquisition of Publicis.

Copyright December 1997, Crain Communications Inc.

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