Interpublic Stock Soars. It's Being Bought by Omnicom. -- Barrons.com

Dow Jones

Dec 09, 2024

By George Glover

Omnicom Group agreed to buy Interpublic Group of Cos. in a stock-for-stock transaction, creating the world's largest advertising agency.

Under the terms of the deal, Omnicom shareholders will own 60.6% of a new combined company. Interpublic shareholders will own 39.4%.

The Wall Street Journal had reported late Sunday that talks between the two agencies were at an advanced stage.

Interpublic shares jumped 15.4% to $33.77 ahead of Monday's opening bell. Omnicom stock slipped 2.4% to $100.98.

This is breaking news. Check back for more analysis soon.

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

December 09, 2024 07:57 ET (12:57 GMT)

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Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 09, 2024 07:57 ET (12:57 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Interpublic Stock Soars. 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It's Being Bought by Omnicom. -- Barrons.com\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-12-09 20:57</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By George Glover \n</p>\n<p>\n  Omnicom Group agreed to buy Interpublic Group of Cos. in a stock-for-stock transaction, creating the world's largest advertising agency. \n</p>\n<p>\n     Under the terms of the deal, Omnicom shareholders will own 60.6% of a new combined company. Interpublic shareholders will own 39.4%. \n</p>\n<p>\n     The Wall Street Journal had reported late Sunday that talks between the two agencies were at an advanced stage. \n</p>\n<p>\n     Interpublic shares jumped 15.4% to $33.77 ahead of Monday's opening bell. Omnicom stock slipped 2.4% to $100.98. \n</p>\n<p>\n     This is breaking news. Check back for more analysis soon. \n</p>\n<p>\n     This content was created by Barron's, which is operated by Dow Jones &amp; Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 09, 2024 07:57 ET (12:57 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0130518102.USD","symbol_name":"HARRIS ASSOCIATES GLOBAL EQUITY \"R\" INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2490724655","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2490724655","pubTimestamp":1733749020,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Omnicom Group agreed to buy Interpublic Group of Cos. in a stock-for-stock transaction, creating the world's largest advertising agency.Under the terms of the deal, Omnicom shareholders will own 60.6% of a new combined company. 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Interpublic shareholders will own 39.4%. \n\n\n     The Wall Street Journal had reported late Sunday that talks between the two agencies were at an advanced stage. \n\n\n     Interpublic shares jumped 15.4% to $33.77 ahead of Monday's opening bell. Omnicom stock slipped 2.4% to $100.98. \n\n\n     This is breaking news. Check back for more analysis soon. \n\n\n     This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 09, 2024 07:57 ET (12:57 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}