** Shares of advertising company Interpublic Group IPG.N rise 14% to $33.4, while shares of Omnicom Group OMC.N down 4.3% at $99 in premarket trading
** OMC to acquire IPG in a $13.25 billion all-stock deal
** Interpublic shareholders will receive 0.344 Omnicom shares for each share held, or $35.58 based on Omnicom's last close. This represents a premium of 21.6% to Interpublic's close on Friday
** The deal is expected to close in the second half of 2025 and generate annual cost savings of $750 million
** If the merger is done, it may attract regulatory scrutiny as it seeks to combine world's third-largest (based on revenue) ad buyer OMC with the fourth-largest IPG
** Shares of ad firms UK's WPP WPP.L rose 3.2% and France's Publicis Groupe SA PUBP.PA up 1.3%
** Up to last close, IPG stock down ~11%, and OMC stock up ~20% YTD
(Reporting by Priyanka.G in Bengaluru)
((priyanka.g@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.