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Suitors step up as Cordiant's problems grow.(Chicago Tribune)
Byline: Jim Kirk
With Cordiant Communications Group, the world's ninth-largest advertising company, watching clients virtually running away, attention is now turning to who might be a likely suitor, or whether the parent of struggling Bates Worldwide and other ad agencies will have to sell itself off piecemeal.
London-based Cordiant, weighed down by debt and a massive loss of clients, said Tuesday it has been approached by potential suitors. The disclosure came one day after it announced it had lost another major global client, Allied Domecq, sending its shares spiraling and casting doubt on its ability to remain independent.
You can bet ...
- Suitors step up as Cordiant's problems grow.
- Newspaper article from: Chicago Tribune (Chicago, IL) April 29, 2003 700+ words
Byline: Jim Kirk With Cordiant Communications Group, the world...itself off piecemeal. London-based Cordiant, weighed down by debt and a massive...independent. You can bet questions about Cordiant's future are on the minds of everyone...
- Cordiant pays price as Publicis wins; Allied Domecq set to land at French group...
- Magazine article from: Advertising Age Atkinson, Claire Wentz, Laurel May 5, 2003 700+ words
...Publicis Groupe is circling the assets of Cordiant Communications. Not only does it look...pick up Allied Domecq, which exited Cordiant last week, but it is also eyeing a handful...the world's No. 2 distiller, a key Cordiant client, almost forced the holding company...
- For Cordiant, it's lonely in the middle; Weak market, battered stock mean...
- Magazine article from: Advertising Age Cardona, Mercedes M. August 13, 2001 700+ words
Cordiant Communications Group has gone from the agency most...Group of Cos. and last year's acquisition of former Cordiant sibling Saatchi & Saatchi by Publicis Groupe, Cordiant and Grey Global Group are the only major midsize global...
- Cordiant Communications Group PLC ('Cordiant') Preliminary Audited Results For...
- Press release article from: PR Newswire March 8, 2001 700+ words
LONDON, March 8 /PRNewswire/ -- Cordiant Communications Group plc (NYSE: CDA) ("Cordiant") is the world's tenth largest global...spanning 80 countries (including affiliates), Cordiant has the international reach and local expertise...
- Cordiant Technologies to Help Neptune Software, UK to Extend Product...
- Press release article from: Business Wire December 13, 2006 700+ words
Cordiant Builds a Development Team in India That...amp; CHENNAI, India & LONDON -- Cordiant Technologies, the trusted offshore product...Neptune. Under the terms of the agreement, Cordiant has put together a new development team...
- Cordiant comes out selling; focus is now on core assets; Top shareholder cites...
- Magazine article from: Advertising Age Atkinson, Claire February 24, 2003 700+ words
Byline: CLAIRE ATKINSON The fire sale of Cordiant Communications Group assets began in earnest...reinforce and grow our core business,'' said Cordiant CEO David Hearn. A top Cordiant shareholder, Chicago money manager Harris Associates...
- Cordiant Communications Group plc ("Cordiant"); Analyst and Investor Meetings...
- Press release article from: PR Newswire December 3, 2001 700+ words
...LONDON -- On Monday December 3, 2001 Cordiant will be attending the UBS Warburg Media...investors in New York. At this conference, Cordiant's management will be providing a review...with an update on its current trading. Cordiant reports that trading conditions in the...
- WPP's Cordiant bid to prevail despite shareholder dramas.(News)
- Magazine article from: Advertising Age Wentz, Laurel Hall, Emma July 14, 2003 700+ words
...LAUREL WENTZ and EMMA HALL The cast of the Cordiant Communications drama includes a billionaire...in the hands of Martin Sorrell, after Cordiant's July 23 shareholders' meeting...Group chief executive may have to put Cordiant into administration first. Active Value...