IPG Interpublic Group rallies after activist Elliott reports stake..
Interpublic Group rallies after activist Elliott reports stake
Elliott Associates reported a 6.7% stake in Interpublic Group (IPG) and stated it seeks to engage in a "constructive dialogue" with the company's board regarding steps to maximize shareholder value. On May 29, CNBC's David Faber that Elliott may be a buyer of Interpublic shares. On June 19, in an interview with the Wall Street Journal, Interpublic CEO Michael Roth downplayed the speculation of an activist investor. Shares of advertising and marketing services company are up 65c, or 3%, to $20.50 in pre-open trading