Omnicom Completes Acquisition of Interpublic, Forming the World's Leading Marketing and Sales Company, Built for Intelligent Growth in the Next Era
The new
"This is a defining moment for our company and our industry," said
Under the terms of the agreement, Interpublic shareholders received 0.344
As previously announced, John Wren remains Chairman & CEO, Phil Angelastro remains EVP & CFO, and Philippe Krakowsky and Daryl Simm serve as Co-Presidents and COOs.
About
Forward-Looking Statements
Certain statements in this press release contain forward-looking statements, including statements within the meaning of the Private Securities Litigation Reform Act of 1995. In addition, from time to time,
- risks relating to the merger between
Omnicom and IPG, including: uncertainties associated with the merger may cause a loss of both companies' management personnel and other key employees, and cause disruptions to both companies' business relationships and a loss of clients;Omnicom and IPG have incurred and are expected to continue to incur significant costs in connection with the merger and integration;Omnicom may not integrate the business and operations of IPG successfully in the expected time frame; the merger may result in a loss of clients, service providers, vendors, joint venture participants and other business counterparties; and the combined company may fail to realize all or some of the anticipated benefits of the merger or fail to effectively manage its expanded operations; - adverse economic conditions and disruptions, including geopolitical events, international hostilities, acts of terrorism, public health crises, inflation or stagflation, tariffs and other trade barriers, central bank interest rate policies in countries that comprise
Omnicom's major markets, labor and supply chain issues affecting the distribution ofOmnicom's clients' products, or a disruption in the credit markets; - international, national or local economic conditions that could adversely affect
Omnicom or its clients; - losses on media purchases and production costs incurred on behalf of clients;
- reductions in client spending, a slowdown in client payments or a deterioration or disruption in the credit markets;
- the ability to attract new clients and retain existing clients in the manner anticipated;
- changes in client marketing and communications services requirements;
- failure to manage potential conflicts of interest between or among clients;
- unanticipated changes related to competitive factors in the marketing and communications services industries;
- unanticipated changes to, or the ability to hire and retain key personnel;
- currency exchange rate fluctuations;
- reliance on information technology systems and risks related to cybersecurity incidents;
- effective management of the risks, challenges and efficiencies presented by utilizing Artificial Intelligence technologies and related partnerships in
Omnicom's business; - changes in legislation or governmental regulations affecting
Omnicom or its clients; - risks associated with assumptions
Omnicom makes in connection with its acquisitions, critical accounting estimates and legal proceedings; -
Omnicom's international operations, which are subject to the risks of currency repatriation restrictions, social or political conditions and an evolving regulatory environment in high-growth markets and developing countries; - risks related to
Omnicom's environmental, social and governance goals and initiatives, including impacts from regulators and other stakeholders, and the impact of factors outside ofOmnicom's control on such goals and initiatives; and - other business, financial, operational and legal risks and uncertainties detailed from time to time in
Omnicom's Securities and Exchange Commission ("SEC ") filings.
The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties that may affect
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