M&A
confidence high
sentiment positive
materiality 1.00
Omnicom to acquire Interpublic Group in all-stock merger; combined revenue $25.6B, $750M synergies
OMNICOM GROUP INC.
- Interpublic shareholders to receive 0.344 Omnicom shares per IPG share; Omnicom shareholders to own 60.6% of combined entity.
- Transaction expected to generate $750M annual cost synergies and be accretive to adjusted EPS for both sets of shareholders.
- John Wren remains Chairman & CEO of Omnicom; Philippe Krakowsky and Daryl Simm to serve as Co-Presidents and COOs.
- Combined 2023 revenue of $25.6B, Adjusted EBITA $3.9B, free cash flow $3.3B.
- Expected to close in H2 2025, subject to shareholder and regulatory approvals; tax-free to shareholders.