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Stock Market & Financial Investment News

News Breaks
May 9, 2014
08:30 EDTOMC, PUBGYOmnicom shares have 5%-10% downside, says Albert Fried
Albert Fried sees 5%-10% downside in shares of Omnicom (OMC) after the company's merger agreement with Publicis (PUBGY) was called off. The firm reiterates an Underweight rating on the stock with a $56 price target.
News For OMC;PUBGY From The Last 14 Days
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February 20, 2015
15:31 EDTOMCOmnicom management to meet with JPMorgan
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February 19, 2015
11:12 EDTOMCOmnicom management to meet with Jefferies
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February 16, 2015
12:41 EDTPUBGYPublicis, Relaxnews announce the start of exclusive negotiations
Publicis Groupe and Relaxnews announced the start of exclusive negotiations in view of the acquisition of Relaxnews for a consideration of approximately 15M euro, corresponding to a price of 9.58 euro per share.This acquisition would be perfectly consistent with Publicis Groupe's strategy of becoming the undisputed leader in digital, marketing, communications and business transformation. The content / technology mix of the platforms is innately one of the main levers in this transformation.Under the terms of the offer made by Publicis Groupe to the main shareholders of Relaxnews, it is proposed that a company be set up Financière Relaxnews, which would be wholly-owned by Publicis Groupe, and that Publicis Groupe would purchase from co-founders Jérôme and Pierre Doncieux, Habert Dassault Finances, Sigma Gestion and other shareholders, a block of shares in Relaxnews representing at least 65% of the company's share capital. The transaction would be at a price of 9.58 euro per share, thus valuing Relaxnews at approximately 15 million euro. This valuation represents a premium of 63% to the closing price on February 16. As Publicis Groupe has expressed the wish that Jérôme and Pierre Doncieux and Habert Dassault reinvest alongside the Groupe, the latter would contribute separately to Financière Relaxnews a block of shares in Relaxnews representing at least 30% of the company's share capital enabling them to hold approximately 26% of the share capital of Financière Relaxnews.

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