INTERVIEW-UPDATE 1-Interpublic rules out big merger

Newswire

* Sees no need to merge with another ad sector heavyweight * To spend $150 mln in strategic acquisitions in 2010 * CEO "cautiously optimistic" on ad sector recovery (Adds details) By Cyril Altmeyer CANNES, France, June 23 (Reuters) - Interpublic Group of Cos Inc is under no pressure to merge with another advertising sector heavyweight and will focus on strategic acquisitions, particularly in the fast-growing digital ad sector. Interpublic, the world's No. 4 ad group, plans to spend ...

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