Amadeusz Juskowiak

Jwt jwt not approached by group seeking shares

JWT Group Inc has not been approached by former Ted Bates Worldwide Chairman Robert Jacoby about the possibility of a syndicate buying a 35 pct stake in JWT Group on a friendly basis a company spokesman said

He said JWT would have no comment on an Advertising Age report that Jacoby is considering heading up a venture capital syndicate to purchase a 35 pct stake in JWT group

Jacoby was not immediately available for comment on the report Ted Bates is now owned by Saatchi and Saatchi the worlds largest advertising agency

Reuter