Market Updates
Omnicom and Publicis Abandon $35 Billion Merger
Bikram Pandey
09 May, 2014
New York City
-
New York based Omnicom Group Inc and Paris based Publicis Groupe SA abandoned their $35 billion merger. Both companies cited regulatory hurdles and lack of clarity of tax regime and the delay in deal also created confusion among employees and customers.
Publicis Groupe SA slid 0.7% to €60.27 after the France-based advertising and media service provider and the U.S.-based Omnicom Group, Inc mutually agreed to terminate their proposed merger of equals due to various unresolved complex issues and called off the deal of merger valued $35 billion.
The companies said no termination fees would be payable by either side.
The merger of two companies would have created a company with $23 billion in revenues.
Annual Returns
| Company | Ticker | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|
Earnings
| Company | Ticker | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|