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Published on .

True North Communications, Chicago, will repurchase approximately 325,000 shares, worth up to $10 million. The company plans to use the stock for its compensation plans. The announcement last week didn't perk up True North's stock, which closed unchanged at $28.88 on the day of the announcement.

True North last month formed Promotions Service Group, to hold McCracken Brooks, Market Growth Resources, Performance Media, Peterson Group and Properties Group shops.

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