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Stock impact report

NYC ad agency titans Omnicom and Interpublic to form $30 billion marketing powerhouse [CNBC]

Omnicom Group Inc. (OMC) 
Last omnicom group inc. earnings: 4/28 06:25 am Check Earnings Report
US:NYSE Investor Relations: investor.omnicomgroup.com
Company Research Source: CNBC
The names may be unfamiliar to many Americans, but some of their marketing campaigns are iconic. Those include "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. "Through this combination, we are poised to accelerate innovation and harness the significant opportunities created by new technologies in this era of exponential change, said John Wren, Chairman and CEO of Omnicom. "Now is the perfect time to bring together our technologies, capabilities, talent and geographic footprints to bring clients superior, data-driven outcomes." The company will keep the Omnicom name and trade under the "OMC" ticker symbol on the New York Stock Exchange. The size of and reach of the new marketing giant will have multiple advantages, including the use of new technologies like artificial intelligence. "We estimate both companies have an ap Show less Read more
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