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Industry: Email Alert RSS FeedThe Timeline.(The Grey Purchase)(Grey Global Group Inc.)(Brief Article)(Calendar)
Advertising Age, September, 2004
June 22: Grey Global Group's stock hits an all-time high of $833 a share. The company declines to comment, citing a policy of not commenting on stock moves.
June 25: Advertising Age reports Grey Global Group has hired Goldman Sachs to sell the company, triggering a scramble that reportedly includes Publicis Groupe,
WPP Group and Japanese giant Dentsu.
July 13: Publicis Groupe Chairman Maurice Levy signals Publicis' withdrawal as a potential buyer, but leaves open the door to acquire parts of Grey if they became available.
July 19: Ad Age reports that private-equity firm Hellman & Friedman has shown interest.
July 20: Grey Global Group confirms it hired Goldman Sachs & Co. and J.P. Morgan Chase & Co. to assist it "in...
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