LONDON, United Kingdom, June 17, 2003 (PRIMEZONE) -- The boards of Cordiant (NYSE:CDA) (LSE:CRI) and WPP announce that, with the agreement of the majority of Cordiant's secured lenders, they are in exclusive and advanced negotiations with a view to the acquisition by WPP of Cordiant by means of a recommended scheme of arrangement. Cordiant and WPP expect to make a further announcement in the near future.
Cordiant College Hill +44 (0) 20 7457 2020 Alex Sandberg Adrian Duffield WPP Buchanan Communications +44 (0) 20 7466 5000 Richard Oldworth Mark Edwards