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Interpublic Group latest Elliot target

  • Disclosing a 6.7% stake in Interpublic Group (IPG +1.3%), Paul Singer's Elliot Management is reportedly pushing for a sale of the company, according to Bloomberg.
  • Interpublic has often been speculated as a takeover target, particularly after the failed $35B merger of Omnicom and Publicis Groupe. WPP Plc CEO Martin Sorrell says Interpublic could be a good fit for Japan's Dentsu, while Pivotal Research suggests Publicis could be a suitor.

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The Interpublic Group of Companies, Inc.