Interpublic Group (IPG, Financial) shares rose over 12.5% to $32.93, while Omnicom Group (OMC) shares fell around 3.8% to $99.5 in pre-market trading. Reports indicate that Omnicom is in the final stages of negotiations to acquire Interpublic through a stock exchange deal, valuing Interpublic between $130 billion and $140 billion. The announcement could be made as early as this week, though the exact timing remains uncertain. If successful, the merger would create the world's largest advertising group, surpassing WPP.
Interpublic (IPG) Surges as Omnicom Acquisition Talks Progress
Dec 09, 2024
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