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Omnicom will continue its practice for use of free cash flow: dividends, acquisitions and share repurchases
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Both Omnicom and Interpublic will maintain their current quarterly dividend through the closing of the
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The stock-for-stock transaction is expected
to be tax-free to both Omnicom and Interpublic shareholders and is expected to close in the second half of 2025, subject to Omnicom and Interpublic shareholder approvals, required regulatory approvals, and
other customary conditions.
The combined company will retain the Omnicom name and trade under the OMC ticker symbol on the New York Stock Exchange.
Advisors
PJT Partners is serving as financial advisor to
Omnicom. Latham & Watkins LLP is serving as legal advisor to Omnicom. Morgan Stanley is serving as financial advisor to Interpublic. Willkie Farr & Gallagher LLP is serving as legal advisor to Interpublic.
Conference Call
The companies will hold a conference
call to discuss the transaction on Monday, December 9, 2024 at 8:30 a.m. Eastern Time. Live and archived webcasts, along with an accompanying investor presentation, will be available in the investor relations section of
www.omnicomgroup.com and www.interpublic.com.
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About Omnicom
Omnicom (NYSE: OMC) is a leading provider
of data-inspired, creative marketing and sales solutions. Omnicoms iconic agency brands are home to the industrys most innovative communications specialists who are focused on driving intelligent business outcomes for their clients. The
company offers a wide range of services in advertising, strategic media planning and buying, precision marketing, retail and digital commerce, branding, experiential, public relations, healthcare marketing and other specialty marketing services to
over 5,000 clients in more than 70 countries. For more information, visit www.omnicomgroup.com.
About IPG
Interpublic (NYSE: IPG) (www.interpublic.com) is a values-based, data-fueled, and creatively-driven provider of marketing solutions. Home to some of the
worlds best-known and most innovative communications specialists, IPG global brands include Acxiom, Craft, FCB, FutureBrand, Golin, Initiative, IPG Health, IPG Mediabrands, Jack Morton, KINESSO, MAGNA, McCann, Mediahub, Momentum, MRM,
MullenLowe, Octagon, UM, Weber Shandwick and more.