Date:	--/--/-- --:--:--
Event Id:	E56493WO2
Action Type:	MERGER
Action Status:	ANNOUNCED
Acquirer Symbol:
Target Symbol:	IPG
Updated:	--/--/-- --:--:--
Purchase Price Per Share:
Price Per Share Currency:
News References:	https://www.prnewswire.com/news-releases/stockholders-approve-omnicoms-proposed-acquisition-of-interpublic-302404561.html

Action Notes

Omnicom and The Interpublic Group of Companies, Inc today announced their Boards of Directors have unanimously approved a definitive agreement pursuant to which Omnicom will acquire Interpublic in a stock-for-stock transaction. Under the terms of the agreement, Interpublic shareholders will receive 0.344 Omnicom shares for each share of Interpublic common stock they own. Following the close of the transaction, Omnicom shareholders will own 60.6% of the combined company and Interpublic shareholders will own 39.4%, on a fully diluted basis. The transaction is expected to generate annual cost synergies of $750 million. The stock-for-stock transaction is expected to be tax-free to both Omnicom and Interpublic shareholders and is expected to close in the second half of 2025, subject to Omnicom and Interpublic shareholder approvals, required regulatory approvals, and other customary conditions. The special shareholder meetings for both companies to vote on the transaction will be held on 03/18. On 03/13, the companies have each received a Request for Additional Information and Documentary Material (Second Request) from the U.S. Federal Trade Commission (FTC).Stockholders Approve Omnicom's Proposed Acquisition of Interpublic