BDDP buyout near?

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Sources said a management group of top BDDP and Wells Rich Greene executives, with financial backers including GGT Group, London, is closing in on a buyout of French holding company BDDP Group. Some people close to the negotiations were surprised by a Reuters report on Wednesday identifying Grey Advertising, New York, as a frontrunner in the buyout derby. Grey had no comment; BDDP executives could not be reached.

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