Omnicom to accumulate Interpublic in main promoting trade merger

Omnicom Group and Interpublic Group (IPG) have introduced a definitive merger settlement, unanimously accepted by each corporations’ boards, creating the world’s largest promoting holding firm.

The all-stock transaction will see IPG shareholders obtain 0.344 Omnicom shares for every IPG share held. Post-merger, Omnicom shareholders will management 60.6% of the mixed entity, with IPG shareholders proudly owning 39.4% on a totally diluted foundation.

The merged firm, which can preserve the Omnicom identify and OMC ticker image on the NYSE, tasks annual price synergies of $750 million. The tax-free transaction is anticipated to shut within the second half of 2025, pending shareholder and regulatory approvals.

The mixed group will make use of over 100,000 individuals, providing companies throughout media, precision advertising and marketing, CRM, knowledge, digital commerce, promoting, healthcare, public relations, and branding.

In the brand new construction, John Wren will proceed as Chairman and CEO, whereas Phil Angelastro stays EVP and CFO. Philippe Krakowsky, present IPG CEO, will change into co-president and co-COO alongside Daryl Simm. Three IPG board members, together with Krakowsky, will be part of the Omnicom board.

“This strategic acquisition combines world-class, highly complementary data and technology platforms,” mentioned Wren. Krakowsky famous the merger “represents a tremendous strategic opportunity” that can create “a uniquely comprehensive portfolio of services.”