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Interpublic's Stock Sinks to 52-Week Low in High Trading

In trading volume nearly seven times its average, Interpublic Group's stock on Tuesday dipped as low as $10.05 per share before rebounding slightly to close at $10.51, still a new 52-week low. Analysts attributed the high-volume activity to IPG's one-day offer of convertible perpetual preferred stock to institutional investors, which is expected to raise about $600 million.

Read the whole story at Adweek, October 18, 2005 »

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