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Topic: Holding Companies

Elliott Management Strikes a Deal With IPG on Board Nominees

Pushing for better margins, succession plans at Interpublic

Interpublic reached an agreement with activist investor Elliott Management: The agency holding company is nominating three new board members and creating a new finance committee to focus on margin expansion. The…

Interpublic's Net Income Nearly Doubled in Q3

Gain comes amid revenue growth of 8%

Interpublic Group's net income nearly doubled in the third quarter, as revenue grew by 8 percent. The holding company ended the quarter with $1.84 billion in revenue and net income of…

Publicis Groupe Posts Weak Results

CEO Maurice Lévy braces for a 'difficult' year

Publicis Groupe delivered disappointing second-quarter and first-half results, with chief Maurice Lévy saying 2014 will “be a difficult year.” The French holding company posted flat organic growth in the second quarter,…

Microsoft Splits Its Global Ad Business Between IPG and Dentsu

Total account revenue is estimated at $100 million

Microsoft began its global advertising review with the aim of consolidating its business within a single ad holding company. In the end, however, the business was split between two: Interpublic…

On Q1 Earnings Call, Omnicom's Wren Addresses Merger Concerns

Cites tax residency issues

While Omnicom reported first-quarter worldwide revenue rose 3 percent, the real news in the company’s call with investors was its cautious outlook about the merger prospects with Publicis Groupe. Omnicom chief…

Which CEO Will Dominate in the Publicis-Omnicom Merger?

Lévy likes the limelight

After unveiling plans to create the ad industry’s largest player, Publicis Groupe and Omnicom execs have reiterated that theirs is a “merger of equals,” and the deal’s financial structure is…

Publicis and Omnicom Take Merger Road Show to London Analysts

More emphatic in explaining rationale

Publicis Groupe chief Maurice Lévy and Omnicom CEO John Wren continued their road show today, holding an analyst session in London to explain the combination of their companies that will…

Trading Volume Surges In Omnicom, Publicis, IPG [Updated]

Shares hit new 52-week highs

Industry stocks traded on heavy volume today following the announcement of Publicis Groupe's merger with Omnicom. Publicis, Omnicom and Interpublic all rose to new 52-week highs before receding later in…

Leaders Unveil Publicis Omnicom Group [Updated]

Havas' Jones questions merits of merger

In a seismic change that will reshape the advertising world, Publicis and Omnicom confirmed plans to merge into a global marketing communications leader with almost $23 billion in revenue and…

Publicis Groupe Organic Revenue Up 5%

Q2 better than expected

Publicis Groupe posted better-than-expected results in the second quarter, fueled by continued growth in the U.S., good results in its digital operations and stabilization in Europe. The Paris-based holding company said…

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