Omnicom Sells ICON International Media Company For Undisclosed Sum

Omnicom Group Inc’s 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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