Key Developments: Interpublic Group of Companies Inc (IPG)
14.44USD
22 May 2013
$-0.11 (-0.76%)
$14.55
$14.55
$14.78
$14.38
3,765,036
5,230,295
$14.99
$9.04
Latest Key Developments (Source: Significant Developments)
Interpublic Group of Companies Inc Comments On FY 2013 Guidance-Conference Call
Interpublic Group of Companies Inc announced that for fiscal 2013, it expects organic revenue growth consistent with peers, will resume the expansion of operating margin. With organic growth in the 2% to 3% range, an improvement of 50 basis points on this year's operating margin of 9.8% is an achievable target in fiscal 2013. Continuing that progress so as to reach competitive margins of approximately 13% under US GAAP remains a top priority. Alongside that objective, the company plan to continue to use financial strength to drive EPS growth and shareholder value creation. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $7.182 billion for fiscal 2013. Full Article
Interpublic Group of Companies Inc Increases Common Stock Dividend by 25%; Announces New $300 Million Share Repurchase Program
Interpublic Group of Companies Inc announced that its Board of Directors has declared a quarterly dividend on IPG common stock of $0.075 per share, payable on March 25, 2013 to holders of record at the close of business on March 11, 2013. The increase in the dividend from $0.06 to $0.075 per share represents a 25% increase in the Company`s quarterly dividend. Additionally, the Company`s Board of Directors authorized a new program to repurchase, from time to time, up to $300 million of IPG common stock. The authorization under the new program is in addition to any amounts remaining for repurchase under the program announced in 2012. Repurchases under the new program may be effected through open market purchases, trading plans established in accordance with SEC rules, derivative transactions, or other means. The timing and amount of repurchases under the authorization will depend on market conditions and the company`s other funding requirements. The share repurchase program has no expiration date. Full Article
Interpublic Group of Companies Inc Enteres Into Strategic Partnership With Kiip
Interpublic Group of Companies Inc announced that they have entered into a strategic partnership, which includes an investment by the global advertising holding company. On IPG`s side, the partnership will be led the IPG Media Lab division of IPG Mediabrands, which will help introduce top-tier marketers to Kiip`s mobile and gaming advertising platform focusing on rewards-based consumer interactions. The investment by IPG was a part of Kiip`s most recent round of funding which took place at the end of 2012 and included additional investments from Relay Ventures, Hummer Winblad, True Ventures and Digital Garage, totaling $11 million. Full Article
Mnet Group Ltd Enters Into Sale And Purchase Agreement With Interpublic Group of Companies Inc.'s Subsidiary
Mnet Group Ltd announced that it has entered into a Sale and Purchase Agreement with Ansible Mobile Pty Limited (a wholly owned subsidiary of The Interpublic Group of Companies, Inc.), to sell the shares in its two Australian operating subsidiaries (Mercury Mobility (Australia) Pty Ltd and m.Net Corporation Pty Ltd) and certain assets of Mnet and to procure the sale by its US subsidiary Mnet North America Inc of its assets (collectively the Business Sale), for an aggregate price of AUD 5.5 million. Further details will be provided to Shareholders in an Explanatory Memorandum to be despatched to Shareholders on December 27, 2012. Full Article
Interpublic Group of Companies Inc Declares Common Stock Dividend
Interpublic Group of Companies Inc announced that the Company's Board of Directors has declared a quarterly dividend on IPG common stock of $0.06 per share, payable on December 17, 2012 to holders of record at the close of business on December 3, 2012. Full Article
Interpublic Group of Companies Inc On Q4 2012 Guidance And FY 2012 Revenue Guidance-Conference Call
Interpublic Group of Companies Inc announced that for fourth quarter of 2012, it expect to achieve revenue and profit growth. For fiscal 2012, it expects positive organic revenue performance. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $2.12 billion for fourth quarter of 2012 and revenue of $7.06 billion for fiscal 2012. Full Article
Interpublic Group of Companies Inc's Draftfcb Acquires Hudson Global
Interpublic Group of Companies Inc announced that Draftfcb, the global marketing communications agency network that is part of the Interpublic Group, is acquiring Hudson Global, a Tarrytown, N.Y.-based pharmaceutical marketing company that offers integrated marketing solutions encompassing the entire pharmaceutical brand management spectrum, and aligning it under its Draftfcb Healthcare umbrella. Financial terms were not mentioned. Full Article
Interpublic Group of Companies Inc Declares Common Stock Dividend
Interpublic Group of Companies Inc announced that the Company's Board of Directors has declared a quarterly dividend on IPG common stock of $0.06 per share, payable on September 20, 2012 to holders of record at the close of business on September 6, 2012. Full Article
Interpublic Group of Companies Inc Comments On H2, FY 2012 Revenue Guidance-Conference Call
Interpublic Group of Companies Inc announced that first half revenue growth is below full-year objective, the Company is targeting a stronger second half 2012 and fiscal 2012 objective continues to be 3% organic growth. Full Article
The Interpublic Group of Companies, Inc.'s GolinHarris To Acquire Virgo HEALTH
GolinHarris, a division within The Interpublic Group of Companies, Inc. announced it will acquire Virgo HEALTH, independent UK healthcare communications firm, to become part of the GolinHarris network. Virgo HEALTH will retain its name. Founders and joint chief executives Angie Wiles and Sarah Matthew will continue in their current roles, reporting to Fred Cook, GolinHarris CEO, and work closely with Matt Neale and Jon Hughes, co-presidents, GH International. Terms of the deal were not disclosed. Full Article
Fitch Affirms Interpublic Group's IDR at 'BBB'; Outlook Stable
(The following statement was released by the rating agency) NEW YORK, April 17 (Fitch) Fitch Ratings has affirmed the ratings on the Interpublic Group of Companies, Inc. (IPG) including its Issuer Default Rating (IDR) at 'BBB'. The Rating Outlook is Stable. A full list of rating actions follows at the end of this release. Key Rating Drivers: --IPG's ratings reflect its position in the industry as one of the largest global advertising holding companies, its diverse client base, and the comp
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