- Omnicom Group Inc’s (NYSE:OMC) Omnicom Media Group subsidiary announced the sale of the specialty media company, ICON International, to ICON’s management team.
- The financial terms of the transaction were not disclosed.
- The sale of ICON is part of Omnicom’s continuing realignment of its portfolio of businesses.
- The sale will not have a material impact on Omnicom’s ongoing operating income for 2021.
- Price action: OMC shares traded higher by 0.65% at $83.49 on the last check Friday.
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