BORDER LINES: Speculation over Abernathy/WPP

NEW YORK - Investor relations agency Abernathy MacGregor is at the centre of speculation that it is about to be acquired by global marketing services group WPP Group. While managing partner Jim Abernathy refused to comment, sources close to the talks said the two parties are nearing an agreement. Abernathy MacGregor was also reportedly close to a deal with Young & Rubicam as recently as last November. Although no deal was made, the two companies have remained close and Abernathy remains Y&R's IR agency of record.

NEW YORK - Investor relations agency Abernathy MacGregor is at the centre of speculation that it is about to be acquired by global marketing services group WPP Group. While managing partner Jim Abernathy refused to comment, sources close to the talks said the two parties are nearing an agreement. Abernathy MacGregor was also reportedly close to a deal with Young & Rubicam as recently as last November. Although no deal was made, the two companies have remained close and Abernathy remains Y&R's IR agency of record.



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