- Omnicom Group Inc’s OMC Omnicom Media Group subsidiary announced the sale of the specialty media company, ICON International, to ICON’s management team.
- The financial terms of the transaction were not disclosed.
- The sale of ICON is part of Omnicom’s continuing realignment of its portfolio of businesses.
- The sale will not have a material impact on Omnicom’s ongoing operating income for 2021.
- Price action: OMC shares traded higher by 0.65% at $83.49 on the last check Friday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
