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Profile of the Week

Published on .

Havas Advertising's share price fell following a report it was engaged in talks to acquire True North Communications, owner of FCB Worldwide network. Investors reportedly were concerned a deal, which could value TN at about $2 billion, would dilute their shares. Separately, Havas acquired the 55% of Spain's Media Planning Group that did not already own, boosting its Spanish operations. In trading Friday, Havas closed at $14.94, off 10.82% for the week.
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