Elliott Management plans to call on Interpublic Group (IPG), in which it has taken a stake, to sell itself to one of its competitors, reported The New York Times' DealBook earlier, citing a person briefed on the matter. Note that activist investor Elliott disclosed this morning that it had acquired a 6.7% stake in Interpublic and DealBook's reporting aligns with a similar report from Bloomberg. Interpublic's competitors include Publicis (PUBGY) and Omnicom (OMC), who called off a planned merger earlier this year.
- Mergers, Acquisitions & Takeovers
- Interpublic Group