Source: Jon Ogg
Reuters noted on Publicis Groupe SA, “The French advertising agency said it had not held talks with U.S. rival Interpublic Group, formally denying a press report that had boosted Interpublic’s shares by 13 percent.” Publicis shares were up about 1% on last look in local Paris trading.
Shares of The Interpublic Group of Companies Inc. (NYSE: IPG) went from less than $10 to $10.97 on Friday, but the stock is indicated down about 11% at $9.77 in active trading so far this morning. The advertising agency’s 52-week trading range has been $6.73 to $12.17 and it trades about 7.5 million shares per day.
Publicis is worth about 7 billion euros, according to Yahoo! Finance, and Interpublic’s market cap at the close of Friday was $4.8 billion without considering today’s drop in the share price.
JON C. OGG
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