Grey Global acquisition bids expected by September

Grey Global acquisition bids are expected to be submitted by early September.

Grey Global acquisition bids are expected to be submitted by early September. Private equity specialist Blackstones is thought to have dropped out of the running. WPP Group is seen as the front-runner to buy Grey, although private equity group Hellman & Friedman is still believed to be active. A price of under $1bn (&£550m) is being touted.

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