Omnicom said on Tuesday, December 9, 2024, that it entered into a merger agreement to acquire Interpublic Group (IPG) in an all-stock transaction. IPG shareholders will receive 0.344 Omnicom shares for each share of IPG common stock.

1. 01

   Omnicom said on Tuesday, December 9, 2024, that it entered into a merger agreement to acquire Interpublic Group (IPG) in an all-stock transaction. IPG shareholders will receive 0.344 Omnicom shares for each share of IPG common stock.

2. 02

   The company said that, on a fully diluted basis after the transaction closes, Omnicom shareholders will own 60.6% of the combined company and IPG shareholders will own 39.4%. It said the transaction is expected to generate annual cost synergies of $750 million.

3. 03

   The company said combined 2023 revenue was $25.6 billion, Adjusted EBITA was $3.9 billion and free cash flow was $3.3 billion, and the debt-to-EBITDA ratio was 2.1x before the benefit of synergies. The company explained that these combined figures are simple arithmetic sums and are not pro forma amounts presented in accordance with Article 11 of Regulation S-X.

4. 04

   Omnicom said it expects the transaction to close in the second half of 2025, subject to Omnicom and IPG shareholder approvals, required regulatory approvals and other customary conditions. The company said the combined company will keep the Omnicom name and the OMC ticker.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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