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Publicis May Distribute Funds to Sharholders, Levy Tells Figaro 2014-02-13 18:43:54.3 GMT
By Vidya Root Feb. 13 (Bloomberg) -- CEO Maurice Levy told French daily Le Figaro in an interview that the Publicis-Omnicom merger will result in $2 billion in cash available. * The new company will slow its pace of acquisitions because it has a good range of complimentary assets: Levy * The merged company will seek to distribute 35% of its profit to shareholders and will probably put in place a share- buyback program, Levy said: Figaro * Publicis will not become American, Levy said: Figaro * The Badinter family has no intention of selling its stake: Levy.
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To contact the editor responsible for this story: Vidya Root at +33-1-5365-5018 or vroot@bloomberg.net