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Article: Omnicom Group Announces Agreement to Acquire Abbott Mead Vickers PLC.
- Article from:
- Business Wire
- Article date:
- December 11, 1998
CopyrightCOPYRIGHT 1998 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK--(BUSINESS WIRE)--Dec. 11, 1998--Omnicom Group Inc. ("Omnicom") (NYSE:OMC) today announced that it has entered into a definitive agreement to acquire those shares of Abbott Mead Vickers PLC ("AMV") (FTSE:AMV) that it does not already own.
AMV provides a comprehensive array of advertising and marketing services to clients principally in the United Kingdom. For the year ended December 31, 1997, AMV reported gross income of approximately $176.6 million. Abbott Mead Vickers-BBDO, AMV's principal advertising agency, is the largest advertising agency in the UK with billings in 1997 of approximately $594.5 million. AMV's shares are listed on the London stock ...