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Havas Not Extending Offer For Tempus

Sep 21, 2001, 12:00 AM
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Havas Advertising does not intend to extend the period for acceptance of its offer for Tempus after the next closing date for acceptances on Monday September 24, 2001. The offer is therefore expected to lapse on that date. When the offer was launched on the 19th July it was then considered by the group to be a full and fair offer. Market conditions have clearly deteriorated significantly since that time, as evidenced by the postponement of a number of advertising and media campaigns.

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