1
 If a hostile predator emerges for Saatchi & Saatchi Co., 
2
condition

2
co-founders Charles and Maurice Saatchi will lead a management buy-out attempt, 
5001
span

3
an official close to the company said.
5001
attribution

4
 Financing for any takeover attempt may be problematic in the wake of Friday's stock-market sell-off in New York and turmoil in the junk-bond market.
5007
Contrast

5
 But the beleaguered British advertising and consulting giant, 
5005
span

6
which last week named a new chief executive officer 
5004
span

7
to replace Maurice Saatchi, 
6
elaboration-object-attribute-e

8
has been the subject of intense takeover speculation for weeks.
5006
Same-Unit

9
 Last week, Saatchi's largest shareholder, Southeastern Asset Management, said 
5009
attribution

10
it had been approached by one or more third parties 
5009
span

11
interested in a possible restructuring.
10
elaboration-object-attribute-e

12
 And Carl Spielvogel, chief executive officer of Saatchi's big Backer Spielvogel Bates advertising unit, said 
5013
attribution

13
he had offered to lead a management buy-out of the company, 
5013
span

14
but was rebuffed by Charles Saatchi. 
13
antithesis

15
Mr. Spielvogel said 
16
attribution

16
he wouldn't launch a hostile bid.
5015
span

17
 The executive close to Saatchi & Saatchi said 
5022
attribution

18
that 
5022
Same-Unit

19
if a bidder came up with a ludicrously high offer, a crazy offer 
5019
span

20
which Saatchi knew 
21
attribution

21
it couldn't beat, 
5018
span

22
it would have no choice 
5020
span

23
but to recommend it to shareholders.
22
elaboration-object-attribute-e

24
 But {otherwise} it would undoubtedly come back with an offer by management. 
5017
otherwise

25
The executive said 
5026
attribution

26
any buy-out would be led by the current board, 
5025
span

27
whose chairman is Maurice Saatchi 
26
elaboration-set-member-e

28
and whose strategic guiding force is believed to be Charles Saatchi.
5025
elaboration-additional-e

29
 Mr. Spielvogel isn't part of the board, 
5028
Disjunction

30
nor are any of the other heads of Saatchi's big U.S.-based ad agencies.
5028
Disjunction

31
 The executive didn't name any price, 
5031
antithesis

32
but securities analysts have said 
33
attribution

33
Saatchi would fetch upward of $1.3 billion.
5031
span

34
 The executive denied speculation 
5034
span

35
that Saatchi was bringing in the new chief executive officer 
5035
span

36
only to clean up the company financially 
5036
span

37
so that the brothers could lead a buy-back.
36
purpose

38
 That speculation abounded Friday 
5042
span

39
as industry executives analyzed the appointment of the new chief executive, Robert Louis-Dreyfus, 
5041
span

40
who joins Saatchi 
5040
Temporal-Same-Time

41
and becomes a member of its board on Jan. 1. 
5040
Temporal-Same-Time

42
Mr. Louis-Dreyfus, formerly chief executive of the pharmaceutical research firm IMS International Inc., has a reputation as a savvy financial manager, 
43
consequence-n

43
and will be charged largely with repairing Saatchi's poor financial state.
5043
span

44
 Asked about the speculation 
5046
span

45
that Mr. Louis-Dreyfus has been hired 
5047
span

46
to pave the way for a buy-out by the brothers, 
45
purpose

47
the executive replied, 
5048
attribution

48
That isn't the reason 
5048
span

49
Dreyfus has been brought in.
48
elaboration-object-attribute-e

50
 He was brought in 
5051
span

51
to turn around the company.
50
purpose

52
 Separately, several Saatchi agency clients said 
5055
attribution

53
they believe 
54
attribution

54
the company's management shakeup will have little affect on them. 
5055
span

55
 It hasn't had any impact on us, 
5062
List

56
nor do we expect it to, 
5062
List

57
said a spokeswoman for Miller Brewing Co., a major client of Backer Spielvogel.
5062
attribution

58
 John Lampe, director of advertising at PaineWebber Inc., a Saatchi & Saatchi Advertising client, said: 
5067
attribution

59
We have no problem with the announcement, 
5067
span

60
because we don't know what change 
5066
span

61
it's going to bring about.
60
elaboration-object-attribute-e

62
 We aren't going to change agencies 
5069
span

63
because of a change in London.
62
consequence-n

64
 Executives at Backer Spielvogel client Avis Inc., as well as at Saatchi client Philips Lighting Co., also said 
65
attribution

65
they saw no effect.
5071
span

66
 Executives at Prudential-Bache Securities Inc., a Backer Spielvogel client 
5072
span

67
that is reviewing its account, 
66
elaboration-object-attribute-e

68
declined comment.
5073
Same-Unit

69
 Mr. Spielvogel had said 
5076
attribution

70
that Prudential-Bache was prepared to finance either a management buy-out and restructuring, or a buy-out of Backer Spielvogel alone, 
5076
span

71
led by him. 
70
elaboration-additional-e

72
 Ad Notes. . . . 
5099
TextualOrganization
Title
73
 NEW ACCOUNT: 
5079
TextualOrganization
SectionTitle
74
California's Glendale Federal Bank awarded its $12 million to $15 million account to the Los Angeles office of Omnicom Group's BBDO agency.
5078
span

75
 The account was previously handled by Davis, Ball & Colombatto Advertising Inc., a Los Angeles agency.
74
background

76
 ACCOUNT REVIEW: 
5082
TextualOrganization
SectionTitle
77
Royal Crown Cola Co. has ended its relationship with the Boston office of Hill, Holliday, Connors, Cosmopulos.
5081
span

78
 The account had billed about $6 million in 1988, 
5080
span

79
according to Leading National Advertisers.
78
attribution

80
 NOT-GUILTY PLEA: 
5090
TextualOrganization
SectionTitle
81
As expected, 
82
comment

82
Young & Rubicam Inc. along with two senior executives and a former employee, pleaded not guilty in federal court in New Haven, Conn., to conspiracy and racketeering charges.
5084
span

83
 The government has charged 
5086
attribution

84
that they bribed Jamaican officials 
5086
span

85
to win the Jamaica Tourist Board ad account in 1981.
84
purpose

86
 A spokesman for the U.S. Attorney's office said 
87
attribution

87
extradition proceedings are just beginning for the other two defendants in the case, Eric Anthony Abrahams, former Jamaican tourism minister, and Jamaican businessman Arnold Foote Jr. 
5087
span

88
 KOREAN AGENCY: 
5098
TextualOrganization
SectionTitle
89
The Samsung Group and Bozell Inc. agreed to establish a joint venture advertising agency in South Korea.
5095
span

90
 Bozell Cheil Corp., 
5091
span

91
as the new agency will be called,
90
elaboration-additional-e

92
 will be based in Seoul 
5093
Same-Unit

93
and is 70% owned by Samsung 
5092
List

94
and 30% owned by Bozell.
5092
List

95
 Samsung already owns Korea First Advertising Co., that country's largest agency.
5097
List

96
 Bozell joins Backer Spielvogel Bates and Ogilvy Group as U.S. agencies with interests in Korean agencies.
5097
List

5001
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5002
span

5002
span
5057
span

5003
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5004
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5
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19
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5019
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5020
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5021
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5022
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5017
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5024
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5029
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5025
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5028
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5029
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5029
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5030
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5032
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5032
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5057
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5033
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5034
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34
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5036
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35
purpose

5037
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5040
multinuc
39
elaboration-additional-e

5041
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38
circumstance

5042
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5042
elaboration-additional

5044
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5034
elaboration-additional

5045
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5058
interpretation-s

5046
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5052
question-answer-n

5047
span
44
elaboration-object-attribute-e

5048
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5049
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5049
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5052
Contrast

5050
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5059
problem-solution-s

5051
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5052
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5050
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5054
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5064
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5077
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5062
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5063
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5063
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5054
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5064
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5068
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5065
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5066
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59
reason

5067
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5102
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5068
multinuc
5074
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5069
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5102
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5070
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5068
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5071
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5068
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5072
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5073
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5073
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5068
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5074
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5060
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5075
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5061
elaboration-additional

5076
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5075
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5100
Topic-Shift

5078
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5079
TextualOrganization
SectionText
5079
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5083
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5080
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77
background

5081
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5082
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5082
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5083
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5083
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5099
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Text
5084
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5089
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5085
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5088
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5086
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5085
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5087
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5085
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5088
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5084
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5089
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5090
TextualOrganization
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5090
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5083
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5091
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5093
Same-Unit

5092
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5093
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5093
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5094
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89
elaboration-general-specific

5095
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5096
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5096
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5098
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5097
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5095
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5098
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5099
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5100
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5100
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5101
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5007
Contrast

5102
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5070
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