Omnicom to buy Interpublic, creating ad agency giant with nearly $26 billion in annual revenue ...Middle East

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Omnicom to buy Interpublic, creating ad agency giant with nearly $26 billion in annual revenue
AP Business Writer Omnicom is buying Interpublic Group in a stock-for-stock deal that will create the world’s biggest advertising company with combined revenue of $25.6 billion last year. Shareholders of The Interpublic Group of Companies Inc. will receive 0.344 Omnicom shares for each share of Interpublic common stock that they own. Omnicom shareholders will own 60.6% of the combined company and Interpublic shareholders will own 39.4% after the transaction is complete. The post Omnicom to buy Interpublic, creating ad agency giant with nearly $26 billion in annual revenue appeared first on News Channel 3-12.

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