Shares of Omnicom Group OMC have sold off very sharply over Monday's trading session, moving from as high as $70.50 (up more than 7.4 percent) to now under $65 (down about 0.7 percent from Friday's close). While traders initially cheered the deal between Omnicom and Publicis, a bit of skepticism from several sources has traders taking profits heading into the close.
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- Goldman Sachs' Drew Borst warned the corporate cultures of Omnicom and Publicis could clash; and,
- Macquarie's Tim Nollen pointed at likely regulatory and/or client conflictions.
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