NYSE:OMCMedia
Omnicom Reshapes Portfolio After Interpublic Deal With Buybacks And Cuts
Omnicom Group (NYSE:OMC) is acquiring Interpublic and combining the two global advertising groups into a single company.
The company plans to accelerate divestitures of noncore and underperforming businesses as part of the integration.
Management is targeting substantial cost synergies, including significant workforce reductions across the combined group.
Omnicom has authorized a $5b share repurchase program alongside the integration and restructuring efforts.
Omnicom Group, listed on the...