M&A · Industrials · Services-Advertising Agencies
Omnicom Group Inc. to acquire Interpublic Group of Companies, Inc.
Announced Dec 9, 2024 · Closed Nov 26, 2025
Deal value$13.25BEV $14.67B
Premium21.5%To unaffected price
EV / Adj. EBITDA8.1x1.4x EV / Revenue
ConsiderationAll stock$35.58 per share
Transaction
- Acquirer
- Omnicom Group Inc. (OMC)
- Target
- Interpublic Group of Companies, Inc. (IPG)
- Buyer type
- Strategic
- Offer price per share
- $35.58
- Enterprise value
- $14.67B
- Status
- Closed Nov 26, 2025
Deal protections
- Break fee (target pays)
- —
- Reverse fee (buyer pays)
- $676M · 5.1%
- Go-shop
- No-shop
- Financing
- —
Advisors
- To the acquirer
- PJT Partners
- To the target
- Morgan Stanley
- PJT Partners fee
- $75.0M
- Morgan Stanley fee
- $75.0M
Sector context · Industrials
- Comparable deals
- 87 in the prior 24 months
- Premium
- 21.5% vs. 34.0% sector median
- EV / Adj. EBITDA
- 8.1x vs. 9.4x sector median
- Break fee
- Sector median 2.8%
Timeline
- AnnouncedDec 9, 2024
- Proxy filedJan 30, 2025
- Definitive proxyJan 30, 2025
- Shareholder voteMar 18, 2025
- ClosedNov 26, 2025
Valuation · fairness opinions
Discounted cash flowPJT Partners$28.10$35.95
Discounted cash flowPJT Partners$42.85$55.75
Discounted cash flowPJT Partners$102.40$136.60
52-week trading rangePJT Partners$80.00$107.00
Analyst price targetsPJT Partners$24.25$31.45
Trading comparablesMorgan Stanley$26.75$38.00
Trading comparablesMorgan Stanley$27.00$38.50
Trading comparablesMorgan Stanley$25.00$35.50
Trading comparablesMorgan Stanley$71.00$105.75
Trading comparablesMorgan Stanley$71.75$106.75
Offer $35.58
Implied value per Interpublic Group of Companies, Inc. share by analysis, from PJT Partners and Morgan Stanley · DCF discount rate 8.75%–9.75%.