Omnicom to buy Interpublic, creating ad agency giant with nearly $26 billion in annual revenue [Los Angeles Times (CA)]
Interpublic Group of Companies, Inc. (The) (IPG)
Last interpublic group of companies, inc. (the) earnings: 4/22 07:00 am
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Source: Los Angeles Times
The New York City agencies have had a hand in marketing campaigns like “Got Milk?” for the California Milk Processor Board, “Priceless” for Mastercard, “Because I'm Worth It” for L'Oreal and “Think Different” for Apple. The combined company will be worth more than $30 billion. Shareholders of the Interpublic Group of Companies Inc. will receive 0.344 Omnicom shares for each share of Interpublic common stock that they own. Omnicom shareholders will own 60.6% of the combined company and Interpublic shareholders will own 39.4% after the transaction is complete. “Our two companies have highly complementary offerings, geographic presence and cultures,” Interpublic CEO Philippe Krakowsky said in a statement. “We also share a foundational belief in the power of ideas, enabled by technology and data.” The company will keep the Omnicom name and trade under the “OMC” ticker symbol on the New York Stock Exchange. John Wren will remain as chairman and chief executive of Omnicom, while
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News
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IPG
Earnings
- 10/22/24 - In-Line
IPG
Sec Filings
- 12/9/24 - Form 425
- 12/9/24 - Form 425
- 12/9/24 - Form 425
- IPG's page on the SEC website