On Thursday, marketing agency MSQ Partners revealed that it was not involved in any potential merger talks with Martin Sorrell-founded ad group S4 Capital.

The company, in a statement provided to ADWEEK, said, “The board of directors of MSQ has not been involved in discussions regarding, or considered any proposal for, the rumored transaction.”

MSQ noted that there may have been discussions between representatives of One Equity Partners , its largest shareholder, and S4 Capital.

In the statement, it added, “For the avoidance of doubt, neither OEP nor MSQ intend to pursue further discussions regarding the rumored transaction.”

On Monday, S4 Capital confirmed the rumored merger news between the two U.K.-based companies, saying in a statement, “These discussions are at a very prelim

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