Omnicom Group Inc. announced it will acquire The Interpublic Group of Companies Inc. in a stock-for-stock deal to form the world's largest advertising agency, with nearly $26 billion in annual revenue. The combined company, valued at over $30 billion, will retain the Omnicom name and trade under the ticker symbol “OMC” on the NYSE. The merger combines iconic campaigns like “Got Milk” and “Think Different.” JPMorgan analysts view the consolidation positively, citing enhanced capabilities across advertising and marketing services.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Omnicon Group Inc. announced it will acquire the Interpublic Group of Companies Inc.
00:07in a stock-for-stock deal to form the world's largest advertising agency
00:11with nearly $26 billion in annual revenue.
00:14The combined company, valued at over $30 billion, will retain the Omnicon name
00:19and trade under the ticker symbol OMC on the New York Stock Exchange.
00:23The merger brings together iconic campaigns like Got Milk and Think Different.
00:28JP Morgan analysts view the consolidation positively,
00:31citing enhanced capabilities across advertising and marketing services.