April 28, 2000
Y&R Stays Mum On Merger Talks
Young & Rubicam Inc., New York, remained tight-lipped about possibly acquiring direct marketing services company Harte-Hanks, San Antonio, yesterday. Y&R also is distancing itself from published reports that it may be taken over by British advertising conglomerate WPP Group PLC, London. Declining even to confirm that such talks are going on in London or New York, Y&R's senior vice president Phillipe Krakowsky said "As a policy we do not comment on rumors and speculation."