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| | WPP Sets Management Strategy in $1.5 Billion Grey Acquisition (Site not responding. Last check: 2007-10-12) |
 | | But "every indication that we've gotten is that Grey and its units will stay intact," said J. Brown CEO Tim Dorgan. |
 | | WPP will hire a chairman-CEO of Grey to oversee its divisions about six months after the purchase closes; until then, Grey's current president-CEO, Ed Meyer, will act as chairman-CEO. |
 | | First, Grey brings ad clients in new areas, especially P&G but also 3M, Chase, Conagra, Hasbro, Mars and Warner Bros. Second, the purchase strengthens WPP's relationship with existing clients including, BAT, Diageo, Nokia and Pfizer. |
| promomagazine.com /news/wpp_grey_aquisition/index.html (746 words) |
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