10/5/2005

Havas CEO Phillippe Wahl has issued a statement that appears to distance the holding company from the actions of its chairman, the investor and corporate raider Vincent Bollore, with regard to Havas's possible participation in a takeover of media company Aegis Group. Recent statements made by Bollore, after he purchased Aegis stock for his Bollore Group, "should not be taken as having any bearing on the question of whether or not Havas might participate at any time in any offer for Aegis in any capacity," Wahl said. Havas, WPP Group and Publicis Groupe all have been separately rumored to be interested in acquiring Aegis Group.

Related Summaries