Market Chatter: Omnicom Chief Executive John Wren Speaks of Benefits From Interpublic Acquisition

MT Newswires Live06-26

Omnicom (OMC) Chief Executive John Wren said the company is starting to see positive results after its acquisition of Interpublic, Bloomberg reported Friday, citing an interview.

Wren reportedly told Bloomberg that the takeover has led to cost savings, new customers and better-than-expected performance in Q2.

Among new customers for the advertising giant are American Express (AXP), Kroger (KR), IBM (IBM), Merck (MRK), Unilever (UL) and Bayer, the report said.

Omnicom did not immediately reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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