Cordiant Communications Group PLC 'CCG' Announces Acquisition of Arcom Group Limited.Business Editors LONDON--(BUSINESS WIRE)--June 19, 2000 CCG CCG Chicago CCG Collectible Card Game CCG Canadian Coast Guard CCG Country Commercial Guide CCG Children's Cancer Group CCG Commission Canadienne des Grains (Canadian Grain Commission) (London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. : CRI CRI constant-rate infusion. , New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. : CDA), the global marketing communications group, today announces the acquisition of the business and assets of Arcom Group Limited. Arcom is a full service marketing, advertising and promotions agency based in London with 50 employees. Arcom will be merged with 141 Communications, the UK division of 141 Worldwide, CCG's global marketing services network. Arcom's clients include Stepstone, BskyB, Lucas, First Choice Holidays and NCP. The initial consideration is to be satisfied by the issue of 714,285 new CCG shares. A maximum total consideration of 8.5 million may be payable in new CCG shares depending on Arcom's financial performance to 2002. Michael Bungey, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of CCG commented: "The merger of Arcom with 141 demonstrates our commitment to building a market leading integrated business in the United Kingdom. The acquisition is in line with our strategic objective of increasing revenues from marketing services to 50% of total revenues by 2003". |
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