Cordiant mum on future moves

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Cordiant said its board "continues to review strategy" after the board met Tuesday in London amid speculation the agency holding company was considering a spinoff or sale of its Bates Worldwide network. In a statement, Cordiant said, "The board of Cordiant meets regularly and met today. It does not discuss these meetings in public and won't...The Cordiant board continues to review its strategy and if, at some future date, it reaches any material decisions as to the future of the group, it will make an announcement accordingly."

Copyright April 1997, Crain Communications Inc.

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