Snyder asks potential buyers to submit bids this week

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Snyder Communications has asked prospective buyers to turn in first-round bids by the end of this week. Snyder hired Deutsche Bank at the end of December to handle offers after the agency holding company said it had received an unsolicited bid. Four holding companies--Interpublic Group of Cos., Omnicom Group, Publicis and WPP Group--are said to have received prospectuses, which reportedly contained an asking price of $2 billion.

Copyright January 2000, Crain Communications Inc.

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