Omnicom, Interpublic Aim To Create Global Ad Giant

Omnicom, Interpublic Aim To Create Global Ad Giant

Omnicom’s proposed deal to buy rival Interpublic is expected to create the world’s largest advertising agency if it wins regulatory approval. The deal, announced Dec. 9, would see Interpublic shareholders receive 0.344 shares of Omnicom for each share of Interpublic common stock they own. Omnicom shareholders will own 60.6% of the potentially combined entity, and … Read more

BNPL lender Sezzle plunges as short-seller Hindenburg Research takes aim By Reuters

BNPL lender Sezzle plunges as short-seller Hindenburg Research takes aim By Reuters

(Reuters) – Shares of buy-now, pay-later firm Sezzle fell on Wednesday after Hindenburg Research revealed a short position, citing risky lending practices along with shrinking customers and merchants. Shares of Sezzle, which has gained more than 1,000% this year, fell 28.6% to $225 in the session before closing in on losses. Last trade was 14% … Read more