Cone Becomes Part of Omnicom

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PR Shop Sells to Holding Company; Owner to Remain in Charge
BOSTON–Carol Cone last week sold her 19-year-old eponymous public relations shop for a combination of cash and stock to the Omnicom Group of New York.
The 49-year-old Cone said she will remain chairman for at least one year beyond completion of an earned buyout, typically structured over three to five years.
Cone will be operated as a subsidiary of Omnicom’s Diversified Agency Services (DAS), which owns or has interests in at least 80 other marketing-related companies.





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