The proposed $35 billion merger between Omnicom Group Inc, the No. 1 U.S. advertising company, and French rival Publicis Groupe SA has been called off, the New York Times reported on Thursday, citing people briefed on the matter. The boards of both companies met on Thursday to finalize the decision, the Times reported. (r.reuters.com/fur29v)
Omnicom Group Inc. (Omnicom) is a holding company, providing professional services to clients through multiple agencies. Shares of OMC traded higher by 0.64% or $0.42/share to $66.20. In the past year, the shares have traded as low as $59.70 and as high as $76.87. On average, 1651110 shares of OMC exchange hands on a given day and today's volume is recorded at 1107657.
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