interpublic group of cos inc (IPG) Key Developments
Dentsu Not In Talks To Acquire Interpublic Group
Sep 11 14
Tim Andree, Executive Vice President of Dentsu Aegis Network Ltd. said that Dentsu Inc. (TSE:4324) was not in talks with The Interpublic Group of Companies, Inc. (NYSE:IPG) or Elliott Management Corporation and added, "We have no interest in IPG. We will remain acquisitive but scale in and of itself is not a strategy."
Interpublic Group Sets Range For Acquisitions
Sep 11 14
The Interpublic Group of Companies, Inc. (NYSE:IPG) seeks acquisitions within a range. “The company has set aside $150 million to $200 million for acquisitions. So we see opportunities for us to do strategic acquisitions, but within that $150-million and $200-million range. And our pipeline right now for acquisitions is pretty good", said Michael Roth, Chairman and Chief Executive Officer of Interpublic Group.
The Interpublic Group of Companies, Inc. Presents at Goldman Sachs 23rd Annual Communacopia Conference, Sep-11-2014 08:50 AM
Sep 3 14
The Interpublic Group of Companies, Inc. Presents at Goldman Sachs 23rd Annual Communacopia Conference, Sep-11-2014 08:50 AM. Venue: Conrad New York: 102 North End Avenue, New York, NY 10281, United States. Speakers: Michael Isor Roth, Chairman, Chief Executive Officer and Chairman of Executive Committee.
The Interpublic Group of Companies, Inc. Declares Quarterly Dividend on its Common Stock, Payable on September 16, 2014
Aug 12 14
The Interpublic Group of Companies, Inc. announced that the company's Board of Directors has declared a quarterly dividend on IPG common stock of $0.095 per share, payable on September 16, 2014 to holders of record at the close of business on September 2, 2014.
Elliott Reportedly Seeks Sale Of IPG
Jul 24 14
Elliott Management Corporation has acquire 6.7% stake in The Interpublic Group of Companies, Inc. (NYSE:IPG) for $570 million to put The Interpublic Group of Companies up for sale, according to a person familiar with the situation. Elliott stated, IPG's shares are undervalued and represent an attractive investment opportunity." Elliott said it wants to engage in a constructive dialogue with the IPG’s Board of Directors to maximize shareholder value. McCann Worldgroup, Inc. and Draftfcb, Inc. are gearing up to push the IPG on the auction block, hoping to attract IPG's larger competitors as buyers, a source familiar with Elliott said. IPG shares went up by 1.5 percent at $20.15 on July 24, 2014. An IPG spokesman did not respond to a request to comment.