Omnicom Group Inc. (OMC) entered a merger agreement on December 9, 2024, to acquire rival The Interpublic Group of Companies, Inc. (IPG) for $16.72 billion in an all-stock deal.
As per the merger agreement, Interpublic shareholders will receive 0.344 Omnicom shares for each share of Interpublic common stock they own. The deal is valued at about $31.93 per share, representing a premium of 21.60 % from the stock’s last close.