Reported 2 days ago
Omnicom is set to acquire Interpublic Group in a stock-for-stock deal, resulting in an advertising titan with nearly $26 billion in annual revenue. The merger will enable the companies to leverage their iconic marketing campaigns and complementary strengths, with Omnicom shareholders owning 60.6% of the new entity. The transaction promises $750 million in annual cost savings and is expected to close in the latter half of next year, pending shareholder approval.
Source: YAHOO