Publicis begins to unravel its knot with True North

Article Abstract:

Publicis SA, an advertising agency from France, looks to severe its ties with True North Communications Inc. of Chicago, IL, through its planned buyout of True North Communications' 26.3% ownership of Publicis Communications, its business unit in the US. Publicis looks to purchase True North Communications' interest in Publicis Communications by exchanging 792,000 shares of its stock. The newly-issued shares of stock will enable True North Communications to control an interest of 8.8% at Publicis.

Comment:

Will have True North Communications' 26.3% ownership of the firm acquired by Publicis

United States, Foreign operations, Advertising Agencies, True North Communications Inc., Article, Publicis SA, Publicis Communications

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Carrefour, Promodes agree to tie knot in 13 billion euros accord

Article Abstract:

Carrefour SA and Promodes SA have reached an agreement to merge in a transaction valued at 13 billion euros. The move is a major step toward the consolidation of the retail industry in Europe. The deal would form the second-largest retailer in the world. Under the terms of the agreement, Promodes will be incorporated into Carrefour by way of an exchange of shares.

Comment:

Carrefour and Promodes to merge in transaction valued at 13 billion euros

Hypermarkets, Warehouse Clubs and Superstores, Retail Trade, Mergers, acquisitions and divestments, Retail industry, Superstores, Carrefour S.A., Abstract, Promodes S.A.

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