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Stock Market & Financial Investment News

News Breaks
February 12, 2013
07:01 EDTOMCOmnicom increases quarterly dividend 33% to 40c per share
The Board of Directors of Omnicom Group increased the corporation's quarterly cash dividend by 33%, raising it from 30c to 40c per outstanding share of the corporation's common stock. The dividend is payable on April 2, 2013 to Omnicom Group common shareholders of record at the close of business on March 5, 2013.
News For OMC From The Last 14 Days
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July 28, 2014
10:02 EDTOMCOn The Fly: Analyst Initiation Summary
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06:19 EDTOMCOmnicom initiated with a Sell at Citigroup
Citigroup started shares of Omnicom with a Sell rating citing slowing organic growth and its belief margin expansion will be difficult. The firm set a $68 price target for the stock.
July 24, 2014
11:09 EDTOMCElliott to call on Interpublic to sell to rival, DealBook says
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July 22, 2014
06:52 EDTOMCOmnicom reports Q2 EPS$1.23, consensus $1.17
Reports Q2 revenue $3.87B, consensus $3.8B. Q2 results include $1.8M of pre-tax charges in connection with the proposed merger with Publicis, which are primarily comprised of professional fees. In addition, the effective tax rate for the second quarter reflects the recognition of an income tax benefit of $11.2M related to previously incurred expenses for the proposed merger with Publicis. On May 8, the proposed merger with Publicis was terminated. Prior to the termination of the merger, the majority of the merger costs were capitalized for income tax purposes and the related tax benefits were not recorded. Because the merger was terminated, the merger costs were no longer required to be capitalized for income tax purposes. The net impact of these items on net income available to common shareholders in the second quarter was $9.2M. The impact on diluted EPS was 3c per common share.
06:19 EDTOMCPublicis says might miss FY sales growth target, WSJ reports
Maurice Levy, the CEO of Publicis, says the company may not be able to achieve its FY sales growth target of 4% or more organic revenue growth, the Wall Street Journal reports. Levy says the group's performance has been affected by teams "at times being distracted" by plans to merge with Omnicom (OMC). Publicis and Omnicom called off their proposed $35B merger in May. Reference Link
July 21, 2014
08:11 EDTOMCOmnicom's DAS Group of Companies acquires minority interest in InPress

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