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Interpublic Not Actively Looking to Be Acquired, CEO Says 2014-04-01 13:56:23.117 GMT
By Kristen Schweizer April 1 (Bloomberg) -- IPG doesn’t need the capital or additional services that would come with a merger or takeover of the company, CEO Michael Roth says in interview in London. * “If someone comes along and makes an offer in the best interest of our shareholders that’s a mechanical process,” Roth says. “Am I going out and looking? The answer is ‘no.’” * IPG hasn’t historically entertained any worthwhile offers, Roth says * IPG to Spend $150M on Acquisitions This Yr, CEO Says * Business in Latin America, China remains strong, Roth Says * IPG sees steady low-single-digit growth in main U.S. market, CEO says
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To contact the reporter on this story: Robert Valpuesta in London at +44-20-76732902 or rvalpuesta@bloomberg.net To contact the editors responsible for this story: David Risser at +44-20-7673-2513 or drisser@bloomberg.net Robert Valpuesta, Mark Beech