"Havas NV Chief Executive Officer Yannick Bolloré denied being in talks with WPP Plc about a potential investment in the British advertising firm, according to a note sent to employees."
""It's our policy not to comment on market rumors, however, given the recent press coverage amplifying these rumors and the questions we've received from colleagues and clients, we want to clarify that we are not in discussions with WPP," Bolloré said Monday in an email to staff seen by Bloomberg News."
Havas NV is not in discussions with WPP about a potential investment in the British advertising firm. Havas maintains a policy of not commenting on market rumors. Recent press coverage amplifying those rumors and questions from colleagues and clients prompted a clarification that Havas is not in discussions with WPP. The denial addresses speculation about a strategic investment and aims to reassure colleagues, clients and other stakeholders that no negotiations are underway. The clarification seeks to limit misinformation and stabilize market and client expectations regarding Havas's corporate activity.
Read at Bloomberg.com
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