Inspiration meets innovation at Brandweek, the ultimate marketing experience. Join industry luminaries, rising talent and strategic experts in Phoenix, Arizona this September 23–26 to assess challenges, develop solutions and create new pathways for growth. Register early to save.
Omnicom Completes $550 Mil. Offering
Omnicom Group last week said it completed the sale of $550 million of convertible notes, due 2033, and will net $537 million from the initiative. The New York-based company is using proceeds of the zero-coupon, zero-accretion notes to repay debt, among other purposes.
Bears Stearns Cuts Ad-Sector Rating
Bear Stearns last week said it cut its investment rating for the advertising and marketing sector to “market weight” from “overweight” because industry stocks have soared from March lows.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in