===Interpublic Group (IPG) to be acquired by Omnicom (OMC) in all-stock deal

 

Omnicom to acquire Interpublic Group in all-stock deal

• Omnicom (OMC) and The Interpublic Group of Companies (IPG) have unanimously approved a definitive agreement pursuant to which Omnicom will acquire Interpublic in a stock-for-stock transaction.
• Interpublic shareholders will receive 0.344 Omnicom shares for each share of Interpublic common stock they own.
• Following the close of the transaction, Omnicom shareholders will own 60.6% of the combined company and Interpublic shareholders will own 39.4%, on a fully diluted basis. The transaction is expected to generate annual cost synergies of $750 mln.
• The new Omnicom will have over 100,000 expert practitioners. The company will deliver end-to-end services across media, precision marketing, CRM, data, digital commerce, advertising, healthcare, public relations and branding.