 John Wren |
Omnicom CEO John Wren today reported a 13.4 percent rise to $298.4M in third-quarter net income on flat revenues of $3.7B.
Organic growth clocked in at 2.9 percent.
The US region, which accounts for 53.7 percent of revenues, registered a flat quarterly performance, though organic growth ticked up by 0.6 percent.
The FleishmanHillard, Ketchum, Porter Novelli-led PR group showed a 0.7 percent advance in Q3 revenues to $356M. Organic growth was up 2.3 percent.
PR, which accounts for 9.5 percent of OMC revenues, reported a 2.5 percent nine-month revenue gain to $1.1B.
Edelman handles Viking Holdings, the river and ocean luxury cruise line that plans to raise $1B via an IPO priced in the $21 to $25 per share range.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
Tod Donhauser, a nine-year veteran of Edelman, has joined H/Advisors Abernathy as managing director and head of its San Francisco office.
Intelligent Group Ltd, a Hong Kong-based financial PR firm, has priced its initial public offering of 1.9M shares at $4, which is the low end of the $4 to $5 range.
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