Thursday, July 24, 2008

Omnicom Sees Opening for Acquisitions

http://adage.com/agencynews/article?article_id=129810

The world's largest ad conglomerate, Omnicom Group, sees an upside to the sagging economy: a chance to get off the sidelines and become a bigger player in the acquisition game.

Omnicom Chief Financial Officer Randy Weisenburger, also on the call, was vague about the types of firms the holding company wants to buy, saying it is looking to fill holes or vacancies in its current capabilities, both in terms of geography and servicing client needs.