Mystery suitor approaches Saatchi & Saatchi

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LONDON - Saatchi & Saatchi announced on June 19 that is has received an approach that may or may not result in a merger offer being made for the company. A Saatchi spokesman for the London-based network declined to say who made the approach or when it occurred. A spokesperson for Grey Worldwide, a fellow roster agency for Procter & Gamble Co., said it was the company's policy not to comment on rumors.

Copyright June 2000, Crain Communications Inc.

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