Omnicom (OMC) and Publicis Terminate $35B Merger
Shares of Omnicom Group Inc. (OMC) were off -1.80 or -2.72 percent in afterhours trading to $64.40 per share on Thursday, after the company announced it was terminating its merger with French advertising giant, Publicis Groupe SA. Omnicom stock closed at $66.20 per share, up +0.42 or +0.64 percent in its regular trading session on the New York Stock Exchange.
New York City based Omnicom Group Inc. is a holding company made up of three global advertising agencies networks, BBDP, TBWA and DDB. The company provides advertising, direct and promotional marketing, public relations, strategic media planning, digital and interactive marketing and other communication services to over 5,000 clients in over 100 countries. Omnicom operates 1,500 agencies through its 175 marketing services companies and media groups and is considered one of advertisingâ s â
Published on May 9, 2014
By Jay Hawk