Omnicom's Hot Stock Opened Door to AMV

The relative strength of Omnicom’s stock over the past year allowed the New York holding company to make a more financially reasonable deal for the British concern, Abbott Mead Vickers PLC.
The parent of the United Kingdom’s largest agency, AMV BBDO, had been expected to strike an agreement to sell a majority stake to its American shareholder since 1991. That expectation, in part, held off the deal for so long, sources said.
Seven years ago, AMV sold 23.9