Young & Rubicam, New York, the global advertising agency which owns number-one PR firm Burson-Marsteller, plans to sell a minority stake to a San Francisco investment banking firm, Hellman & Friedman, according to an Aug. 9 report in The Wall Street Journal. Calls placed to Burson-Marsteller and Hellman & Friedman were not returned by PR NEWS' deadline. (Burson, 212/614-4000; Hellman, 415/788-5111)
BURSON’S PARENT MAY SELL STAKE
