Havas Shares Recover After Agency’s WorldCom Assurance

28 June 2002

Havas, the agency holding company whose RSCG MVBMS unit services the global ad accounts of WorldCom and its subsidiary MCI, appears to have calmed investor’s fears that the telecom giant’s collapse in a morass of fraudulent accounting has not left the shop with a legacy of unpaid bills [WAMN: 27-Jun-02].

Following its statement to that effect on Thursday, shares on the Paris bourse largely recovered from Wednesday’s 4.45% plummet, closing 3.43% up at €6.01.

At 09.00 BST this morning they had risen slightly to €6.45.

Data sourced from: AdAge.com; additional content by WARC staff