Omnicom Group Inc.(OMC)- NYSE
  • Mon, May 16, 10:14 AM
    • Omnicom (OMC +0.5%) is continuing its investment in healthcare initiatives, acquiring health strategy consulting firm Rabin Martin.
    • Rabin Martin features a roster of clients among healthcare firms, nonprofits, foundations and universities, and has worked on a number of global health initiatives.
    • It will join Omnicom Public Relations Group and continue to be led by its president and CEO, Jeffrey Sturchio. The move follows earlier acquisitions, including BioPharm Communications, and the merger of two of its agencies under the TBWAWorldHealth brand.
    • Now read The Moat Around Every Ad Agency Is Client Retention »
    | Mon, May 16, 10:14 AM
  • Nov. 2, 2014, 6:33 PM
    • A deal to buy Sapient (NASDAQ:SAPE) could be announced as soon as Monday.
    • Publicis' (OTC:PBCBF, OTCPK:PGPEF, OTCQX:PUBGY) planned merger with Omnicom (NYSE:OMC) fell apart in May, and its sales growth has slowed recent quarters.
    • With Sapient, Publicis would add a more digital-focus to its traditional creative business. CEO Maurice Levy has said he wants Publicis to more closely resemble "an internet company."
    • SAPE's market cap is $2.5B; its revenue was $1.26B last year.
    | Nov. 2, 2014, 6:33 PM | 2 Comments
  • May 9, 2014, 3:20 AM
    • As expected, advertising giants Omnicom (OMC) and Publicis (PUBGY) have called off their $35B merger, citing "difficulties in completing the transaction within a reasonable time frame."
    • Numerous problems had beset the "merger of equals," including obtaining tax and other regulatory approvals, differences over which executives would take leading positions - particularly the job of CFO - and which company would be listed as the legal acquirer of the other.
    • No termination fees are being paid by either side.
    • The ending of the merger leaves WPP (WPPGF) as the world's largest advertising company.
    | May 9, 2014, 3:20 AM
  • May 8, 2014, 7:27 PM
    • Advertising giants Omnicom (OMC) and Publicis (PUBGY) have called off their $35B merger, WSJ reports.
    • The "merger of equals" had been challenged by difficulties in getting tax and other regulatory approvals, as well as differences over which executives would fill top roles and which company would be listed as the legal acquirer of the other (earlier).
    | May 8, 2014, 7:27 PM | 4 Comments
  • Apr. 25, 2014, 5:12 PM
    • Personal battles over position and power are threatening the planned merger of equals by ad firms Omnicom (OMC) and Publicis (PUBGY), as sources say frayed personal relationships - in addition to legal and tax issues in Europe - are delaying the completion of the deal, first announced last summer.
    • Among various conflicts, the two sides haven't yet agreed on which company will be the legal acquirer of the other, and they disagree over who will fill the CFO position and other senior jobs.
    • In recent days, the companies have been sending starkly different messages about the status of the merger - to the extent that the CEO of rival WPP (WPPGY) says the deal is doomed.
    | Apr. 25, 2014, 5:12 PM | 1 Comment
  • Jul. 29, 2013, 2:00 AM
    • Omnicom Group (OMC) and Publicis Groupe (PGPEF.PK) have confirmed that they have agreed to a 50:50 merger.
    • Deal will create the world's largest advertising firm with a stock market value of $35.1B and which had combined 2012 revenues of $22.7B, well above WPP's (WPPGY) $16B.
    • The new firm will also have over 130,000 workers.
    • Omnicom's John Wren, based in New York, and Publicis' Maurice Levy, based in Paris, will be co-CEOs for 30 months, after which Wren will become sole CEO and Levy will become nonexecutive Chairman.
    • Clients include Omnicom's AT&T, Visa and Pepsi, and Publicis' McDonald’s, Coca-Cola and Walmart . (PR)
    | Jul. 29, 2013, 2:00 AM
  • Jul. 27, 2013, 5:42 PM

    A merger to create the world's largest advertising company is essentially done between Omnicom (OMC) and Publicis Groupe (PUBGY.OB), according to various reports. The combined $30B company would be a merger of equals, however, with no premium to current share prices -- though size should allow it to negotiate better ad rates and retain clients more easily.

    | Jul. 27, 2013, 5:42 PM | 6 Comments