Havas Advertising's ADS listing results from its acquisition of Snyder Communications (NYSE: SNC) which was approved by shareholders on September 25, 2000 and became effective on September 26, 2000. As a result of this acquisition, Havas Advertising is now the world's fourth largest communications group.
"We are pleased that Havas Advertising has chosen to list its ADS shares on The Nasdaq Stock Market, " said Frank Zarb, Chairman and CEO, Nasdaq. "By trading on our market, Havas Advertising will be joining the ranks of some of the most innovative enterprises in the world which are playing a key role in shaping the new economy. Havas Advertising joins the 480 non-US companies currently listed on Nasdaq - more than can be found on any other US stock market."
Havas Advertising, headed by Alain de Pouzilhac, Chairman and Chief Executive Officer, is the world's fourth largest communications groups with four operating divisions - Euro RSCG Worldwide, Arnold Worldwide Partners, Media Planning Group and Diversified Agencies Group and a presence in 75 countries. The group offers a complete line of communications services, including general advertising, direct marketing, media planning and buying, corporate communications, sales promotion, design, human resources, sports marketing, multimedia interactive communications and public relations.
The Nasdaq Stock Market lists nearly 5,000 companies, has a larger dollar volume, and trades more shares per day than any other market in the world. Nasdaq is a subsidiary of the National Association of Securities Dealers, Inc. (NASD®), the largest securities-industry, self-regulatory organization in the United States. For more information about Nasdaq, visit the Nasdaq Web site at www.nasdaq.comSM or the Nasdaq NewsroomSM at www.nasdaqnews.com.
