Publicis says to make major corporate announcement

PARIS Sat Jul 27, 2013 2:30pm EDT

Maurice Levy, French advertising group Publicis Chief executive, attends a Reuters Global Media and Technology Summit in Paris June 12, 2012. REUTERS/Mal Langsdon

Maurice Levy, French advertising group Publicis Chief executive, attends a Reuters Global Media and Technology Summit in Paris June 12, 2012.

Credit: Reuters/Mal Langsdon

Related Topics

PARIS (Reuters) - French advertising group Publicis said it plans to make a "major corporate announcement" on Sunday, after a media report on Friday said it was in merger talks with larger rival Omnicom.

A media briefing will be held at 8.00 a.m. ET on Sunday at Publicis headquarters in Paris, the company said in an email on Saturday.

Bloomberg reported late on Friday that Publicis and Omnicom were in late-stage merger talks to create what would be the world's largest advertising group.

Publicis spokeswoman Peggy Nahmany was not reachable for comment.

(Reporting by James Regan; Editing by Leila Abboud)

FILED UNDER:
Photo

After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.