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BRIEF-Omnicom To Acquire Interpublic Group
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BRIEF-Omnicom To Acquire Interpublic Group
Dec 9, 2024 5:07 AM

Dec 9 (Reuters) - Interpublic Group of Companies ( IPG )

:

* OMNICOM TO ACQUIRE INTERPUBLIC GROUP TO CREATE PREMIER

MARKETING

AND SALES COMPANY

* OMNICOM TO ACQUIRE INTERPUBLIC GROUP TO CREATE PREMIER

MARKETING

AND SALES COMPANY

* OMNICOM GROUP INC ( OMC ) -TRANSACTION IS EXPECTED TO BE ACCRETIVE

TO

ADJUSTED EARNINGS PER SHARE FOR BOTH OMNICOM AND INTERPUBLIC

SHAREHOLDERS

* OMNICOM GROUP INC ( OMC ): INTERPUBLIC SHAREHOLDERS WILL RECEIVE

0.344

OMNICOM SHARES FOR EACH SHARE OF INTERPUBLIC COMMON STOCK THEY

OWN

* OMNICOM GROUP INC ( OMC ): JOHN WREN WILL REMAIN CHAIRMAN & CEO OF

OMNICOM

* OMNICOM GROUP ( OMC ): DEAL EXPECTED TO GENERATE $750 MILLION IN

ANNUAL

COST SYNERGIES FOR BOTH OMNICOM AND INTERPUBLIC SHAREHOLDERS

* OMNICOM GROUP INC ( OMC ): PHIL ANGELASTRO WILL REMAIN EVP & CFO

OF

OMNICOM

* OMNICOM GROUP INC ( OMC ): SHAREHOLDERS WILL OWN 60.6% OF COMBINED

CO

AND INTERPUBLIC SHAREHOLDERS WILL OWN 39.4%, ON A FULLY DILUTED

BASIS

* OMNICOM GROUP INC ( OMC ) -COMBINED CO WILL RETAIN OMNICOM NAME

AND

TRADE UNDER OMC TICKER SYMBOL ON NEW YORK STOCK EXCHANGE

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