LOS ANGELES: Sitrick & Company has taken itself back off the market
after hiring investment bank Wasserstein Perella to investigate
potential offers and look at how its employee compensation plan would
affect a buy-out.
Chairman Michael Sitrick said to remain independent was 'in the best
interests of our clients, employees and the firm.'
The agency is now looking to acquire in the financial and technology
arena, in both New York and northern California. Sitrick's 2000 revenues
are reported to be around dollars 15 million.