DLKW negotiates buyout from Interpublic Group

Delaney Lund Knox Warren & Partners is ready to sever links with Interpublic and buy back the 26 per cent stake in the agency held by the embattled holding company.

DLKW senior executives, including (l to r) GregDelaney, Richard Warren, Mark Lund and Tom Knox, are understood to have been talking to IPG with a view to gaining full control over its shareholding for the first time since its formation in September 1999. The move is a likely precursor to an acquisition of the agency by another holding company.

Since 1999, DLKW has developed into a successful business with a client list that includes Vauxhall, Halifax and Burger King. Pre-tax profits for 2003 were £650,000.

Nobody from the agency was available to comment as Campaign went to press.