Interpublic Group Shareholders Approve Merger with Omnicom
New York, NY – March 18, 2025 – The Interpublic Group of Companies, Inc. (NYSE: IPG) announced that its shareholders have approved the company’s merger with Omnicom Group Inc. (NYSE: OMC) during a special meeting held today. The deal, valued at $15.3 billion, will create one of the world’s largest marketing and advertising conglomerates.

Key Voting Results:
97.78% of votes cast were in favor of the Agreement and Plan of Merger, under which each IPG share will convert into 0.344 shares of Omnicom common stock.
Non-binding advisory vote on executive compensation linked to the merger was approved by 60.5% of shareholders.
Adjournment proposal was deemed unnecessary following the approval of the merger.
Regulatory Approvals & Closing Timeline:
The merger remains subject to regulatory approvals, including clearance from the U.S. Federal Trade Commission (FTC) and other global antitrust authorities. The companies anticipate closing the transaction by Q3 2025.

Strategic Impact:
Combined market value to exceed $50 billion, making it the largest advertising agency holding company globally.
Expanded capabilities in data-driven marketing, media planning, and creative services.
Expected cost synergies of $500 million annually within the first two years.
Both companies reaffirm their commitment to seamless integration and maximizing shareholder value while navigating regulatory hurdles.

Interpublic Group (IPG) and Omnicom Receive FTC Second Request for Merger Review
March 13, 2025 – The Interpublic Group of Companies, Inc. (NYSE: IPG) and Omnicom Group Inc. (NYSE: OMC) have announced that they received a Second Request from the Federal Trade Commission (FTC) regarding the regulatory review of their proposed merger agreement.

Key Developments:
The merger agreement, originally signed on December 8, 2024, proposes that IPG will merge with and become a wholly owned subsidiary of Omnicom.
Both companies are scheduled to hold special stockholder meetings on March 18, 2025, to approve the transaction.
The FTC's Second Request signals a deeper antitrust review and extends the waiting period under the Hart-Scott-Rodino Act, delaying the deal’s timeline.
The merger remains subject to stockholder approval, regulatory clearances, and other closing conditions.
Company Statement:
IPG and Omnicom reaffirm their commitment to completing the merger, emphasizing that the combination will enhance advertising, marketing, and corporate communication services for global clients. Both companies continue to cooperate fully with the FTC’s review process.

Interpublic Group and Omnicom Merger Faces Antitrust Review from FTC
New York, NY – March 13, 2025 – Interpublic Group (NYSE: IPG) and Omnicom Group (NYSE: OMC) have received a Second Request from the Federal Trade Commission (FTC) for additional information regarding their planned merger. The request signals heightened antitrust scrutiny as regulators evaluate the deal's impact on competition in the advertising industry.

Merger Overview
Announced: December 8, 2024
Structure: IPG to merge with and become a wholly owned subsidiary of Omnicom
Stockholder Vote: Special meetings scheduled for March 18, 2025
Regulatory Hurdles: Subject to Hart-Scott-Rodino Act (HSR) approval and other conditions
Regulatory Review & Next Steps
The FTC’s Second Request extends the review timeline as both companies provide additional documentation.
The merger cannot proceed until the FTC completes its investigation and the HSR waiting period expires.
A press release confirming the Second Request was issued on March 13, 2025.
Both companies remain committed to completing the merger, subject to regulatory approvals and stockholder votes.

The Interpublic Group of Companies (IPG) filed a Form 8-K regarding its planned merger with Omnicom Group. Under the merger agreement, Omnicom will acquire IPG, making it a wholly owned subsidiary. Both companies’ boards have approved the deal, and stockholders will vote on it in special meetings scheduled for March 18, 2025.

Following the merger announcement, three lawsuits were filed by stockholders of IPG and Omnicom, alleging that the joint proxy statement lacked adequate disclosures. Additionally, IPG and Omnicom received demand letters from stockholders making similar claims. While both companies deny any wrongdoing, they have agreed to provide supplemental disclosures to prevent delays in the merger process.

The additional disclosures outline details of merger negotiations, financial projections, and the roles of financial advisors PJT Partners and Morgan Stanley. They also discuss governance changes, executive compensation, and stockholder interests in the transaction.

IPG and Omnicom have cautioned investors about risks related to stockholder and regulatory approvals, integration challenges, litigation, economic conditions, and potential market reactions. They maintain that the merger will create long-term value and encourage stockholders to review all proxy materials before voting.

The merger remains subject to approvals, and IPG and Omnicom have stated that no assurances can be made about its completion.