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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