Cordiant to unveil demerger details

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Cordiant, the holding company for Saatchi & Saatchi and Bates, will issue a statement to the London Stock Exchange at 7:30 a.m. Tuesday (2:30 a.m. EDT) outlining the details of the previously announced demerger of its two advertising networks. Cordiant will also announce the interim results for the half-year to June 30, and the new name for the holding company for Bates. Cordiant will make a presentation to London analysts Tuesday at 2:30 p.m. (9:30 a.m. EDT) with a live feed to analysts in New York.

Copyright September 1997, Crain Communications Inc.

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