Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

OMNICOM GROUP INC.

(OMC)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Omnicom : Announces Divestiture of ICON International

06/11/2021 | 01:01pm EDT

NEW YORK, June 11, 2021 /PRNewswire/ -- Omnicom Media Group, a subsidiary of Omnicom Group (NYSE: OMC), today announced the sale of ICON International, a specialty media company, to ICON's management team. The sale of ICON is part of Omnicom's continuing realignment of its portfolio of businesses and is consistent with its strategic plan and investment priorities. 

Commenting on the disposition, John Wren, Omnicom's Chairman & CEO said, "I want to thank the management team and employees of ICON for their years of commitment to Omnicom and wish them continued success." 

The disposition is not expected to have a material impact on Omnicom's ongoing operating income for the full year 2021. Going forward, the company's anticipated level of disposition activity is expected to be limited, and it expects to be principally focused on acquisition opportunities in precision marketing, martech and digital transformation, as well as commerce, media and healthcare.

Forward-looking Statements
Certain statements in this press release related to the impact on our ongoing operating income and anticipated level of disposition activity constitute forward-looking statements, including statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may discuss goals, intentions and expectations as to future plans, trends, events, results of operations or financial condition, or otherwise, based on current beliefs of Omnicom's management as well as assumptions made by, and information currently available to, Omnicom's management. Forward-looking statements may be accompanied by words such as "aim," "anticipate," "believe," "plan," "could," "should," "would," "estimate," "expect," "forecast," "future," "guidance," "intend," "may," "will," "possible," "potential," "predict," "project" or similar words, phrases or expressions.

Forward-looking statements are subject to various risks and uncertainties, many of which are outside Omnicom's control. Therefore, you should not place undue reliance on such statements. You should carefully consider this and the other risks and uncertainties that may affect Omnicom's business, including those described in Item 1A, "Risk Factors" and Item 7, "Management's Discussion and Analysis of Financial Condition and Results of Operations" in Omnicom's most recent Annual Report on Form 10-K and other documents filed from time to time with the Securities and Exchange Commission. Except as required under applicable law, Omnicom does not assume any obligation to update these forward-looking statements.

About Omnicom Media Group
Omnicom Media Group (OMG) is the media services division of Omnicom Group Inc. (NYSE: OMC), a leading global marketing and corporate communications company, providing services to more than 5,000 clients in more than 70 countries. Omnicom Media Group includes full-service media agencies Hearts & Science, OMD and PHD; performance marketing agency Resolution; Optimum Sports Media and Marketing; and the Annalect data and analytics division that developed and manages the Omni marketing operating system underpinning all Omnicom agencies.

About Omnicom Group Inc.
Omnicom Group Inc. (NYSE: OMC) (www.omnicomgroup.com) is a leading global marketing and corporate communications company. Omnicom's branded networks and numerous specialty firms provide advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations and other specialty communications services to over 5,000 clients in more than 70 countries. Follow us on Twitter for the latest news.

Cision
View original content:http://www.prnewswire.com/news-releases/omnicom-group-announces-divestiture-of-icon-international-301310969.html

SOURCE Omnicom Group Inc.


© PRNewswire 2021
All news about OMNICOM GROUP INC.
07/28OMNICOM : New Report By Sparks & Honey Explores The Five Biggest Shifts For The ..
AQ
07/23OMNICOM GROUP INC. : Change in Directors or Principal Officers, Financial Statem..
AQ
07/22PUBLICIS GROUPE : expects to regain COVID losses in 2021
RE
07/21OMNICOM GROUP INC. : Declares Dividend
PR
07/21Omnicom Group Inc. Declares Quarterly Dividend, Payable on October 12, 2021
CI
07/21OMNICOM : Barclays Adjusts Omnicom Group's Price Target to $92 from $95, Keeps O..
MT
07/21OMNICOM : Morgan Stanley Adjusts Price Target on Omnicom to $76 From $79, Mainta..
MT
07/20OMNICOM : Management's Discussion and Analysis of Financial Condition and Result..
AQ
07/20STREET COLOR : NFL Reportedly Taking 'Vast Quantity' Advertising From Omnicom Gr..
MT
07/20OMNICOM : Expects Continued Growth in Second Half as June Quarter Tops Estimates..
MT
More news