Omnicom, Publicis Groupe Announce Merger

Loading...
Loading...
Merger of equals to create Publicis Omnicom Group, a best-in-class communications, advertising, marketing and digital services company with combined 2012 revenue of $22.7 billion / €17.7 billion Combined market capitalization of $35.1 billion / €26.5 billion Brings together iconic agency brands, offering clients industry-leading breadth of services, global reach and the most highly recognized and awarded talent  Jointly led by Omnicom CEO John Wren and Publicis Groupe CEO Maurice Lévy as co-CEOs Provides compelling benefits for clients, employees and shareholders  Publicis Groupe and Omnicom shareholders will each hold approximately 50% of the new company's equity New entity expected to be listed on the NYSE and Euronext Paris and included in S&P 500 and CAC 40 New York and Paris, July 28, 2013 - Omnicom Group Inc.
OMC
and Publicis Groupe SA (Euronext Paris: FR0000130577) today announced that they have signed a definitive agreement for a merger of equals, creating the world's leading company in communications, advertising, marketing and digital services, with combined 2012 revenue of $22.7 billion / €17.7 billion. Based on closing prices on July 26, 2013, Publicis Omnicom Group will have a combined equity market capitalization of approximately $35.1 billion / €26.5 billion. The
See full press release
Market News and Data brought to you by Benzinga APIs
Posted In: NewsGuidanceContractsManagementM&AGlobal
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...