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Omnicom Group Inc And Publicis Groupe SA To Merge


Sunday, 28 Jul 2013 07:52am EDT 

Omnicom Group Inc and Publicis Groupe SA announced that they have signed a definitive agreement for a merger of equals, creating the Company in communications, advertising, marketing and digital services, with combined 2012 revenue of $22.7 billion / EUR17.7 billion. Based on closing prices on July 26, 2013, Publicis Omnicom Group will have a combined equity market capitalization of approximately $35.1 billion / EUR26.5 billion. The merged group of more than 130,000 employees will be exceptionally well positioned to serve clients' evolving needs, helping them to build their brands and grow their businesses. For the first year following the closing of the transaction, Bruce Crawford, currently Omnicom Chairman, will be the non-executive Chairman of Publicis Omnicom Group. He will be succeeded by the current Publicis Groupe Chairperson, Elisabeth Badinter, as non-executive Chairperson for the second year following the closing of the transaction. It is expected to close in the fourth quarter of 2013 or the first quarter of 2014. Moelis & Company is financial advisor to Omnicom on the transaction. Rothschild is acting as financial advisor to Publicis Groupe. Legal advisors to Omnicom are Latham & Watkins LLP and De Brauw Blackstone Westbroek N.V. Legal advisors to Publicis Groupe are Wachtell, Lipton, Rosen & Katz; Darrois Villey Maillot Brochier; and NautaDulith N.V. Jones Day provided counsel to Moelis & Company. Financial terms of the transactions were not disclosed. 

Company Quote

19.46
0.55 +2.91%
23 Jul 2014