Omnicom downgraded to Neutral from Conviction Buy at Goldman Goldman Sachs downgraded Omnicom (OMC) to Neutral from Conviction Buy citing a less compelling valuation following the failed merger with Publicis (PUBGY). The firm lowered its price target for shares to $75 from $87.
Publicis extends tender offer to acquire Sapient Publicis Groupe S.A. (PUBGY) announced that it has extended its previously announced tender offer to purchase all of the outstanding shares of common stock of Sapient (SAPE) for $25.00 per share in cash. The Offer will now expire at the end of the day, immediately after 11:59 p.m., New York City time, on December 23, unless it is further extended. All other terms and conditions of the Offer remain unchanged.